Sale & Rent Back
The sale and rent back option of your property is a popular choice for many people for many different reasons.
Some of the benefits of choosing a sale to rent back option are:
- The right to remain in your property after the sale for a minimum period of 5 years on a secure tenancy. At the end of 5 years you and your family could be asked by your landlord to leave the property.
- No legal fees or costs to pay.
- The sale to complete in a timely manner to fit around your circumstances.
- All enquiries are taken in strict confidence and there is no obligation to proceed.
- Repossessions may be stopped at any stage allowing you to stay in your home and neighbourhood.
These are just a summary of the key points, authorised sale and rent back companies must adhere to strict regulations and monitoring from the FSA aimed at protecting your interests and giving you security of tenancy.
Contact Us
You can email us with your enquiry and we will get back to you at the earliest opportunity.
Sale & Rent Back Now Regulated By The FSA
Because of the aforementioned practices the FSA (Financial Services Authority) decided to provide homeowners with additional legal protection by introducing regulation allowing only FSA authorised companies to Advise on and arrange sale and rent back agreements.
Interim regulation was introduced in July 2009 and full regulation commenced from June 30th 2010. It is now illegal for any individual or company to buy your home and rent it back to you as a business if they are not authorised and regulated by the FSA.
If you enter into a sale and rent back agreement you are unlikely to get the market value of your home and, as a tenant, may only be able to remain there for a limited period. There may be other options available. Please ask for a key terms statement.
This promotion has been approved by DFB Housing Solutions for publication. We introduce business only to DFB Housing Solutions, a firm authorised and Regulated by the Financial Services Authority for Sale and Rent Back activities.
DFB Housing Solutions will be responsible for the giving of any advice or the making of any arrangements under this introduction.
For advising and arranging your Sale and Rent Back Agreement DFB Housing Solutions will not charge you a separate fee.
In connection with an introduction to DFB Housing Solutions we expect to receive a fee of 5% of the open market value of the property on any completed sale.
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