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OFT investigates sale-and-rent-back OFT investigates sale-and-rent-back
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Old 05-14-2008, 07:00 PM
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Post OFT investigates sale-and-rent-back
The Office of Fair Trading (OFT) is undertaking a market study of the fast-growing sale-and-rent-back sector, amid concerns that vulnerable homeowners are being exploited.Sale-and-rent-back firms buy property at a discount and in return give the previous owner the option to remain in the house as a tenant.The arrangement often appeals to people in financial difficulty [...]

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Old 05-22-2008, 10:51 PM
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Sale and rent back is extremely profitable. There one guy I have heard of making £20 million in the last 3 years from it.
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