UK sell property and rent back schemes are now FSA regulated and approved
Real Estate August 31st. 2010, 7:07amRent House Back providers are now governed and regulated by the FSA which means that if you wish to sell your home and rent it back you have to choose a firm who has FSA authorisation.
This basically means that like the financial services industry SARBS (sale and rent backs) fall under the same authorisation.
It is a major blow for the small local (sole trader) buyers who would buy houses locally and rent them back with their local town.
This now means that there is a near monopoly on the industry as there is only a small amount of providers who are FSA approved – perhaps 3-5 in the whole of the UK who can now provide this service.
If you want to sell and rent back your property then expect to receive approx 75% of your homes current market value for the deal.