“Her Majesty’s Treasury, the Department for Business, Enterprise and Regulatory Reform, the Department for Communities and Local Government, and the Ministry of Justice, working alongside the Financial Services Authority (FSA) and the Office of Fair Trading (OFT), are therefore seeking to establish further and better information on the sale and rent back market, and the role that these schemes play in the UK housing market.”
In effect they are assessing the
scale of the sale and rentback marketplace as well as a variety of
other things.
It’s worth remembering that the
Property Tycoons community is the largest community of property investors who buy below market value properties in the UK. That means this newsletter will be going out to those who may be responsible for looking at whether |
this market should face regulation
in the future and if so, what, how
and when. This article is only a
small piece of the puzzle.
The Time To Voice Your
Opinion Is Now!
Not months down the line when it’s too late. Otherwise you we may be forced to comply with regulations that are partly based on hyped up tabloid headlines and scaremongering.
Government departments need to
understand how valuable the sale
rentback concept can be. Here are
just some of the benefits:
1. Repossession proceedings are
stopped
2. Credit rating is not further
tarnished |
3. The seller may end up with more money from a property investor as opposed to having the house repossessed and ending up with nothing
4. The seller could reduce his or
her monthly outgoings to a much more manageable level - I did a sale rentback last year that reduced the previous homeowners previous outgoings from £1,800 per month in debt repayments to £1,000 per month in rent to me. He was (and still is) very pleased with the arrangement.
If you get a moment follow the link
(http://www.shmyl.com/mcfpson) and put your voice forward. Together
we will make a difference.
Parmdeep Vadesha |