Sell2Rent Solutions gains FSA approval
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Sell2Rent Solutions, part of the Equity Advice group has become one of the first firms to gain full FSA approval for advising and arranging sale-and-rent-back transactions.
Stuart Wilson, managing partner at Sell2Rent Solutions, says: “This is a product that has been regulated for a week only, and we are delighted to be one of the very few operating in this highly specialised market. This product needs highly skilled specialists to offer a supportive advice and guidance service to customers facing extreme financial hardship, and the team at Equity Advice have always been good at this, so launching Sell2Rent Solutions was a natural market progression for us.”
The sale- and-rent-back market became fully regulated on July 1 2010, following a period of Interim regulation and now offers clients ;-
- 5 year minimum tenancy peace of mind
- No unfair rental increases
- A cooling off period
- No borrowing sat behind the funding
- Clear & transparent terms so clients can make a fair and informed choice
It is expected that this year will see 50,000 repossessions, a large number of these could be prevented by using sale-and-rent-back as a way of managing a clients financial situation in times of hardship.
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