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Category Archives: Sell and Rent back
Extra ‘sale and rent back’ rules
Extra rules to regulate “sale and rent back” property deals are going to be brought in by the Financial Services Authority (FSA) next year. The FSA will ban “exploitative advertising and high-pressure sales techniques”, it said. It wants to protect … Continue reading
SRB firms hit by OFT action
Twelve firms offering sale and rent back services have agreed to change their adverts or take down their websites completely after the OFT challenged some of their statements made to consumers The OFT issued formal notifications to the firms in … Continue reading
Posted in Investment Properties, Sell and Rent back
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Wright & Wright secures its first SARB FSA Authorisation!
We have had an anxious wait since 1 July and daily checking of the FSA Register to see how the FSA were going to treat new applicants to the Sale and Rentback interim regime. First, two regulated firms successfully varied … Continue reading
Posted in Sell and Rent back, Sell my house
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‘Sale and rent back’ victory?
In an historic case brought by Shelter, a vulnerable family has been told they can keep the home they have lived in for more than 20 years after almost losing it in a repossession ‘sale and rent back’ scam. In … Continue reading
Sale and rent back – responsibilities of regulated firms
As you will be aware the window for applications for interim permission to operate an SRB business opened on 1 July 2009. If you intend to continue carrying out SRB business it is important that you complete an application by … Continue reading
Help for sale and rent back firms
The SRB interim regime commenced on 1 July 2009. We have now published our final rules [PDF] for the SRB interim regime. What do SRB firms need to do? We are inviting firms who were active in the SRB market … Continue reading
Diary of a UK Property Investor – SARB are investors are still able to buy?
Diary of a UK Property Investor – www.hbfinvestments.co.uk Property investors must by now be aware that the interim regulations for Sale and Rent Back come into force on 1st July. These regulations effectively prevent property investors buying SARB investment properties unless they are applying … Continue reading
Interim regime for property sale and rent back begins today in UK
A new interim regime for landlords that operate property sale and rent back businesses comes into force in the UK today. SRB landlords and companies have one month to submit an application to the Financial Services Authority for permission to … Continue reading
SARB: 1 July- are you ready? Our assessment of the near final Rules and ongoing SARB tips…..
Greetings! Manuals, procedures, disclosure documents, plans, financials……. isn’t regulation fun? I hope that, by now, many of you are well on the way to having a proposition to submit next month and are preparing to move SARB into a new … Continue reading
Posted in Investment Properties, Sell and Rent back
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FSA to protect sale and rent back customers
FSA to protect sale and rent back customers – 03 June 2009 The Financial Services Authority (FSA) has today published the details of the regime that it aims to introduce on 1 July to tackle immediate problems for customers in … Continue reading