Sell and Rent Back Arrangements

Under a "sell and rent back" deal, a homeowner who is struggling to repay their mortgage sells their property at a discount to company who then allows them to remain in the house as a tenant But a report from the Office of Fair Trading has found that these arrangements may not be the homeowner's best option and some people had been swiftly evicted As a result the Office of Fair Trading has ordered sixteen firms to validate all the claims they have made in their advertising...

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