How Can I Sell My
House & Rent It Back!

thechainbreakers.co.uk
Approved DFB Housing Solutions introducer
who are FSA regulated for sale and rent back

call free to talk to an adviser at DFB Housing Solutions
freephone 0800 599 99 66

If you want to sell your house and rent it back you need to be aware of some important new protective legislation which was introduced by the FSA (Financial Service Authority) in July 2009.

Why Was FSA Regulation Introduced?

Before July 2009 you could sell your house and rent it back from any company or individual.  In most cases tenants were given a standard 6 month AST (Assured Shorthold Tenancy) agreement often at a reduced market rent.

Unfortunately, for some tenants, the promises made in the original sale and rent back agreement were not kept and, for example, after the initial 6 months AST the rent was increased to an unaffordable level.

There were also cases where Landlords defaulted on mortgage payments resulting in repossession by the lender and loss of home for the tenant.

How Does Rent Back Regulation Help You?

Because of the previous problems with sell and rent back agreements, and the hardship caused to many tenants, the FSA decided to introduce regulation allowing only authorised companies or individuals to buy your home and rent it back to you.

These authorised companies must first satisfy the FSA that they have the financial ability to undertake the purchase and maintain the ongoing costs of owning your home.  In addition they must strictly abide to regulations which are there to protect you.

One of the main regulations is that you must be given a minimum 5 year tenancy agreement when you agree to sell your house and rent it back.  You can however end the tenancy agreement at any time by giving one month’s notice to your regulated Landlord.   

Full FSA regulation of sell and rent back was introduced in July 2010 and you should be aware that from this date it is illegal for any unathorised company or individual to buy your home and rent it back to you.

Would You Like More Information?

If you would like more details on how to sell your house and rent it back and an instant offer click below:

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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 -

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.

Interim FSA 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.

FSA Regulation For Sale And Rent Back
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“Under the FSA regulations you are guaranteed a minimum 5 year rent back period but you can give just one months notice with DFB Housing Solutions if you wish to end the tenancy and move on”
GET MORE INFORMATION NOW!