Sale and Rent Back – www.homesboughtfast.co.uk
Homes Bought Fast Limited has sourced 100′s of Sale and Rent Back investment properties. We have provided 100’s of homeowners with a fantastic solution which enabled them to sell their home, release cash and to continue to rent back their home. We pride ourselves on the fact that we have had great feedback from vendors and we continue to provide them with a great lettings service afterwards.
Some companies, however, have brought the Sale and Rent Back market into disrepute. Many property investors and property investment companies with poor business models and a lack of finance have gone bust or have ramped up rents leaving homeowners in a very serious and disadvantaged situation. This has had a really negative impact with the SARB investment property market and the number of transactions has fallen significantly.
Homes Bought Fast therefore welcomes the regulation of this market by the FSA. Regulation will enable us and other ethical companies in the market to continue to provide a valuable and trusted SARB option to homeowners. From 1st July 2009, HBF will be seeking approval by the FSA to be a licensed provider of SARB services to homeowners.
More information on this topic will follow.
Source: Homes Bought Fast
When facing repossession by your lender it can be tempting to sell your home to the first buy and rent back company that you come across. However, in the past not all companies were found to be ethical and this has meant that those selling did not get the deal they thought they were getting. Thankfully from 1st July the industry will be regulated by the Financial Services Authority which should work out safer for those wishing to sell. So when selling to avoid repossession choose an fsa regulated rent back company.
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