Companies purporting to help struggling homeowners found to be offering schemes that ‘never should have been sold’The City regulator has shut down the market in schemes which purport to help struggling homeowners, by buying their properties and renting them back to them so they can continue living there.The Financial Services Authority (FSA) acted to stop the sale and rent back market after it found that most schemes were either “unaffordable or unsuitable and never should have been sold”. Continue reading…
Source : theguardian.com
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