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Sell Quickly » Sell and Rent Back

Sell and Rent back scheme suspended

Tuesday, 30th June 2009

With immediate effect we will not be offering our Sell and Rent Back Scheme. Sell and Rent back also known as Sale and Rent back is where the client would sell their home to us, but continue to live there as a tenant.

This does not affect our existing tenants who have sold their homes to us, they will continue to enjoy the benefits of being our tenants without any changes.

FSA regulation of the whole sale and rent back industry will begin on 1st July 2009. All firms have to apply for interim authorisation under FSA regulation from the 1st of July 2009. Full authorisation is scheduled to start on 30 June 2010.

We have decided as a company to stand down from the Sale and rent back market as we feel there is too much instability with the down turn in the economy and the credit crunch to continue our Sale and rent back business. We are still buying property up and down the country, but not able to offer clients the option of becoming our tenants. We may choose to continue our Sale and rent back scheme in the future and will publish details on this website.

Interest rates rise, homeowners to fall into mortgage arrears

Monday, 9th July 2007

Interest rates as set by the bank of England have risen again to 5.75%. a move which could push many homeowners into mortgage arrears and financial hardship. Families could be faced with repossession as mortgage costs are on the increase. (more…)

Would you dodge council tax?

Wednesday, 23rd May 2007

A person was avoiding paying their council tax for a staggering 10 years, amounting more than 7,000 pounds without paying a penny. As a result the council has been forced to sell there home to recover all the unpaid tax, at public auction.The owner of the property will receive whatever is left from the sale of the house. (more…)

Sale and Leaseback to release equity

Saturday, 5th May 2007

Sale and Leaseback is a popular method used by business owners to release equity in their commercial property. (more…)

Experts warn of price crash

Friday, 4th May 2007

If house prices continue to increase, at this rate the UK property market might suffer a ‘boom and bust’ cycle, coming from a recent analysis by experts. (more…)