Sale and Rent Back Market
Garden Court North Chambers | North East Property Buyers Court of Appeal decision - Linex Legal (press release) (registration)
Choices NewsBot - Tue, 02/07/2012 - 18:42
Garden Court North Chambers | North East Property Buyers Court of Appeal decision
Linex Legal (press release) (registration)
The Court of Appeal gave its judgment on 24th January 2012 which dismissed the appeal against the earlier High Court decision (HHJ Behrens) in these test cases on sale and rent back. The proceedings concern whether sale and leaseback arrangements ...
Categories: Sale and Rent Back Market Latest News
FSA move to close market will prompt rise in repossessions - FT Adviser
Choices NewsBot - Tue, 02/07/2012 - 12:59
FT Adviser
FSA move to close market will prompt rise in repossessions
FT Adviser
Closure of sale and rent back market was “not a major surprise” but may have a short-term negative affect. By Donia O'Loughlin | Published 12:55 | comments Repossessions may rise as a result of the Financial Services Authority's move to close the sale ...
Categories: Sale and Rent Back Market Latest News
Rent-back future in doubt after FSA discovers fraud in sector - Mortgage Strategy
Choices NewsBot - Mon, 02/06/2012 - 14:29
Rent-back future in doubt after FSA discovers fraud in sector
Mortgage Strategy
The Financial Services Authority has effectively closed down the sale-and-rent back market after finding evidence of fraud and bad practice in the sector. Following a review of regulated rent-back firms, the FSA has referred one to its enforcement ...
and more »
Categories: Sale and Rent Back Market Latest News
MS Leader: Rent-back breathes its last - Mortgage Strategy
Choices NewsBot - Mon, 02/06/2012 - 11:58
Mortgage Strategy
MS Leader: Rent-back breathes its last
Mortgage Strategy
The Financial Services Authority effectively gave last rites to the sale-and-rent-back market last week with its pronouncement that the market has shut its doors. Two or three years ago a number of firms were looking to enter the market as they ...
Categories: Sale and Rent Back Market Latest News
FSA shuts sale and rent-back – will it act on land banking? - Introducer Today
Choices NewsBot - Mon, 02/06/2012 - 06:56
BBC News
FSA shuts sale and rent-back – will it act on land banking?
Introducer Today
The grubby sale and rent-back market has been closed down by the FSA for at least the foreseeable future. The FSA says that most sale and rent-back transactions should never have happened. Following a review of all 22 regulated sale and rent-back firms ...
'Sale and rent back' sector closed down by FSABBC News
'Sale And Rent Back' Property Market ClosedSky News
FSA Finds Poor Practice in Sale and Rent Back, Sees Market Temporarily ClosedinAudit (blog)
Mirror.co.uk -Mortgage Strategy -Home Move
all 11 news articles »
Categories: Sale and Rent Back Market Latest News
Saturday Papers: Nasdaq jumps to 11-year high on surge in US jobs - Citywire.co.uk
Choices NewsBot - Sat, 02/04/2012 - 07:39
Saturday Papers: Nasdaq jumps to 11-year high on surge in US jobs
Citywire.co.uk
The Daily Telegraph: The Financial Services Authority has effectively shut down the "sale and rent back" market after it found deals being offered were "unaffordable or unsuitable and never should have been sold". The Daily Telegraph: Sir William ...
and more »
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Saturday Papers: Nasdaq jumps to 11-year high on surge in US jobs - Citywire.co.uk
Choices NewsBot - Sat, 02/04/2012 - 05:11
Saturday Papers: Nasdaq jumps to 11-year high on surge in US jobs
Citywire.co.uk
The Daily Telegraph: The Financial Services Authority has effectively shut down the "sale and rent back" market after it found deals being offered were "unaffordable or unsuitable and never should have been sold". The Daily Telegraph: Sir William ...
Categories: Sale and Rent Back Market Latest News
Report slams sale-and-rent-back racket - Mirror.co.uk
Choices NewsBot - Sat, 02/04/2012 - 00:15
Mirror.co.uk
Report slams sale-and-rent-back racket
Mirror.co.uk
In a damning report, City watchdog the Financial Services Authority said most sale-and-rent-back deals were “either unaffordable or unsuitable and should never have been sold.” Nausicaa Delfas, from the watchdog, explained: “Most firms were more ...
Categories: Sale and Rent Back Market Latest News
FSA issues damning verdict on firms behind 'sale and rent back' schemes - Daily Mail
Choices NewsBot - Sat, 02/04/2012 - 00:01
Daily Mail
FSA issues damning verdict on firms behind 'sale and rent back' schemes
Daily Mail
The Financial Services Authority (FSA) has issued a damning verdict on the firms behind these 'sale and rent back' schemes. The companies, generally small specialist finance firms, offered to buy the home of a client – generally for around 60-70per ...
Categories: Sale and Rent Back Market Latest News
OFT closes down whole industry - The Independent
Choices NewsBot - Sat, 02/04/2012 - 00:00
OFT closes down whole industry
The Independent
The City watchdog has clamped down on sale and rent back firms, which prey on struggling homeowners. The companies target people by offering to buy their home and let them remain paying rent. But a damning report published by the Financial Services ...
and more »
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Sale and rent back market shut down after regulator's review - Telegraph.co.uk
Choices NewsBot - Fri, 02/03/2012 - 22:24
Telegraph.co.uk
Sale and rent back market shut down after regulator's review
Telegraph.co.uk
The Financial Services Authority has effectively shut down the "sale and rent back" market after it found deals being offered were "unaffordable or unsuitable and never should have been sold". Some sale and rent back schemes have targeted financially ...
Sale and rent back schemes haltedFinancial Times
FSA closes sale and rent back marketThe Guardian
Sale and rent back market shut for serious failingsCitywire.co.uk
Wall Street Journal -Evening Standard
all 38 news articles »
Categories: Sale and Rent Back Market Latest News
Goodbye and good riddance sale and rent back - Mortgage Solutions (blog)
Choices NewsBot - Fri, 02/03/2012 - 19:14
Mortgage Solutions (blog)
Goodbye and good riddance sale and rent back
Mortgage Solutions (blog)
The Sale and Rent Back sector has finally been closed five long years after the Council of Mortgage Lenders, Citizen's Advice and Shelter jointly called for regulation, branding the actions of some firms, "daylight robbery." Use the log in box towards ...
Categories: Sale and Rent Back Market Latest News
SRB market temporarily shuts after FSA review - Compliancy Services
Choices NewsBot - Fri, 02/03/2012 - 18:01
SRB market temporarily shuts after FSA review
Compliancy Services
The sale and rent back (SRB) market has been temporarily closed following an investigation led by the Financial Services Authority (FSA), it was announced today (February 3rd). Mortgage compliance officers should be aware the SRB market has been shut ...
Categories: Sale and Rent Back Market Latest News
Most sale and rentback customers mis-sold says FSA - Telegraph.co.uk
Choices NewsBot - Fri, 02/03/2012 - 16:45
Telegraph.co.uk
Most sale and rentback customers mis-sold says FSA
Telegraph.co.uk
Nausicaa Delfas, head of mortgage and general insurance supervision at the FSA, said: "Sale and rent back is often the last resort for struggling home owners so we expected to see firms treating their customers much better than this report suggests.
Categories: Sale and Rent Back Market Latest News
Keeping an eye out for property fraud - Mortgage Finance Gazette Online
Choices NewsBot - Fri, 02/03/2012 - 15:16
Keeping an eye out for property fraud
Mortgage Finance Gazette Online
I make no comment regarding the rise of sale and rent back in general, which is now regulated by the FSA. However, in some instances, it appeared that there was no real intention to purchase - just an exercise to generate income from application fees.
Categories: Sale and Rent Back Market Latest News
UK financial watchdog slams sale and rent back deals - Property Wire
Choices NewsBot - Fri, 02/03/2012 - 14:41
Property Wire
UK financial watchdog slams sale and rent back deals
Property Wire
The UK's Financial Services Authority (FSA) has today (Friday 03 February) published a report that shows most sale and rent back (SRB) transactions were either unaffordable or unsuitable and never should have been sold. Following a review of all ...
and more »
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Which? welcomes action on 'shoddy' sale and rent back advice - Which?
Choices NewsBot - Fri, 02/03/2012 - 14:11
Which? welcomes action on 'shoddy' sale and rent back advice
Which?
Which? welcomes action on 'shoddy' sale and rent back adviceFSA says most SRB should never have been sold Which? has welcomed FSA action to protect consumers from 'shoddy' sale and rent back advice. The Financial Services Authority (FSA) has ...
Categories: Sale and Rent Back Market Latest News
'Sale And Rent Back' Property Market Closed - Sky News
Choices NewsBot - Fri, 02/03/2012 - 14:05
BBC News
'Sale And Rent Back' Property Market Closed
Sky News
The financial watchdog has temporarily shut down the 'sale and rent back' property market after discovering widespread poor practice. Sale and rent back (SRB) schemes buy properties from homeowners struggling to pay their mortgages and then rent it ...
Sale and rent back schemes haltedFinancial Times
'Sale and rent back' sector closed down by FSABBC News
FSA closes sale and rent back marketThe Guardian
Citywire.co.uk -Wall Street Journal -Evening Standard
all 29 news articles »
Categories: Sale and Rent Back Market Latest News
House 'sale and rent' deals on hold - The Press Association
Choices NewsBot - Fri, 02/03/2012 - 14:00
House 'sale and rent' deals on hold
The Press Association
The "sale and rent back" (SRB) market, which has seen people selling their properties to companies, sometimes for around 60% to 70% of their market value, before renting them back, has been temporarily shut down. The Financial Services Authority (FSA) ...
Categories: Sale and Rent Back Market Latest News
Sale and rent back schemes halted - Financial Times
Choices NewsBot - Fri, 02/03/2012 - 13:22
Telegraph.co.uk
Sale and rent back schemes halted
Financial Times
By Tanya Powley Companies offering sale and rent back schemes that target financially distressed homeowners have been ordered to close temporarily following a review that found widespread poor practice. The Financial Services Authority (FSA) report, ...
Sale and rent back market shut down after regulator's reviewTelegraph.co.uk
FSA closes sale and rent back marketThe Guardian
Sale and rent back market shut for serious failingsCitywire.co.uk
Wall Street Journal -Evening Standard
all 38 news articles »
Categories: Sale and Rent Back Market Latest News