The Financial Services Authority (FSA) is the independent watchdog that regulates the financial services industry.
Rent My House Back is one of the few companies in the sell and rent back arena that is fully authorised and regulated by the FSA to carry out sale and rent back business.
The fact that Rent My House Back is a regulated company means you can rest assured you are dealing with a reputable company. We must conduct all our business in line with the guidelines as set out by the FSA to ensure that our customers are protected.
At Rent My House Back, our priority is to ensure that the customer is treated fairly. This means that we inform potential customers of not just the benefits of a sale and rent back scheme, but also the associated risks. This is to ensure that you, as the customer, are fully aware of and understand every aspect of the sell and rent back scheme. We also make our customers fully aware of any potential alternatives that may be open to them before they commit to a sale and rent back agreement.
Even if you reach the stage of receiving a pre-offer document from a sell and rent back company, the FSA have stipulated a 14 day cooling-off period, during which time the company cannot contact you.
This provides you with a valuable period of time, during which you can consider if the sale and rent back scheme is suitable for your needs and you can make an informed and independent decision.
The FSA also requests additional information from the sale and rent back company to ensure they have the necessary funds and that those funds are legitimate, again, to protect you as the customer.
Finally, all financial and operational data and plans from the company must be reported to the FSA on a regular basis, to show how the company is performing.
All sale and rent back companies need to work to these FSA standards to ensure that the business and the services they provide to the customer are appropriate and in the interests of the customer.
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.
Also See:
Sell and rent back Regulation
Sell and rent back Companies
Sell and rent back Process
Contact us or apply online for further information regarding Sell and rent back FSA regulation.
I was limited to the work I could do, due to my worsening health so I wanted the security of having some money behind me. I looked on both the internet and in the newspapers and found out about sale and rent back schemes. I contacted three companies but Rent My House Back came up with the better...
My husband and I were having financial difficulties, but we didn’t want to have to leave our home. After looking on the internet, we found Rent My House Back, who offered exactly what we were looking for, so we didn’t feel the need to look anywhere else. We have been very happy with...