9
Jun/090

‘Sale and Rent Back’ - Regulation Paves Way for Claims

From 1st July, companies offering to buy people’s houses and rent them back to them will be regulated after an announcement that such ‘rogue’ companies will be partially controlled by the FSA.

The Financial Services Authority will implement regulations to crack down on problems for such customers. This means that people who unfairly suffer loss of money or of their homes through these controversial schemes will be able to take their cases to the Financial Ombudsman.

Related posts:

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  2. Not Enough Council Homes to go Around
  3. Getting Compensation - It Pays to Complain
  4. Key repossession ruling opens door to mortgage mis-selling complaints
  5. Sale and rent back to right-to-buy home owners

Filed under: Financial Services Compensation
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