Important Information On
Selling Your Home And Renting It Back

If you are interested in selling your home and renting it back there is some very important information that you need to be aware of before entering into any discussions with sale and rent back companies.

Previous Problems In Sale And Rent Back

In the past few years many homeowners who decided to sell their home and rent it back fell victim to unscrupulous practices from companies who did not fully explain the costs or give homeowners the minimum 5 year tenancy.

In addition, some companies did not have the financial ability to continue paying mortgages on the properties they had purchased leading to repossession by the lender and loss of home for the person renting.

These circumstances caused more distress to affected homeowners who had often been in difficult financial circumstances prior to selling their home.

Sale & Rent Back Now Regulated By The FSA

Because of the aforementioned practices the FSA (Financial Services Authority) decided to provide homeowners with additional legal protection by introducing regulation allowing only FSA authorised companies to advise on and arrange sale and rent back agreements.

Interim regulation was introduced in July 2009 and full regulation commenced from 1st July 2010. It is now illegal for any individual or company to buy your home and rent it back to you as a business if they are not authorised and regulated by the FSA.

It is therefore vitally important that – before discussing sale and rent back – you ensure that the company you are talking to is FSA registered in order that you receive the full protection of the new regulations.

Would You Like More Information?

If you would like more information on sale and rent back please click the button below:

By completing the form you agree to DFB Housing Solutions to contact you.

YES!  I would like more information
Name *
Email *
Postcode *
Tel No. *
Mobile No *
you will be contacted by an adviser from DFB Housing Solutions

Key Points Of Sale And Rent Back Regulation

- a minimum guaranteed tenancy period of 5 years
which you can cancel with one month’s notice -

- no fees or legal costs to pay -

- a 14 day cooling off period to consider
the terms of your sale and rent back agreement -

If you enter into a sale and rent back agreement you are unlikely to get the market value of your home and, as a tenant, may only be able to remain there for a limited period. There may be other options available.
Please ask for a key terms statement.

This is just a summary of the key points, authorised sale and rent back companies must adhere to strict regulations and monitoring from the FSA aimed at protecting your interests and giving you security of tenancy.

You will have many questions that are relevant to your personal circumstances and it is best that these are answered by an adviser
from an authorised sale and rent back company.

,

† We are not authorised by the FSA to provide advice or service for sale and rent back activities.
We will pass such enquiries to a DFB Housing Solutions.

The promotion has been approved by DFB Housing Solutions for publication. Chainbreakers introduces business only to DFB Housing Solutions,
a firm authorised and regulated by the Financial Services Authority for Sale and Rent Back activities.

DFB Housing Solutions will be responsible for the giving of any advice or the making of any arrangements under this introduction.

Chainbreakers could receive up to a 1% of the purchase price as an introduction fee from DFB Housing Solutions.