Ensure you take an FSA regulated sell and rent back option
Posted in Business, News on 07/13/2009 10:33 am by adminIf you are an avid news reader who keeps up to date with goings on in the world then you have probably heard of the FSA, otherwise known as the Financial Services Authority. They have been linked with the mis-selling scandal when it came to payment protection insurance. However they regulate most anything financial and one of the many things that they keep their beady eye on is companies who offer to buy your home and rent it back.
A sell and rent back option is designed for those in mind who are struggling to pay their mortgage or who have already fallen behind with their mortgage repayments. They can sell and rent back with the option of buying back the property in the future which means they do not have to move out of their home.
When choosing to sell your home this way to avoid becoming one of the names of the next mis-selling scandal you should ensure that you choose a company that offers anfsa sale and rent back. This means that the company offering to buy back your home is regulated by the FSA which means there is less chance of you receiving a bad deal.