The leading UK website Rent Back My Property, who gives homeowners the chance to sell property rent back if faced with repossession, has released results of a survey in regards to the effects of the FSA regulations on companies offering sell and rent back. There was concern from the Office of Fair Trading that some companies were not offering consumers the best deal and a few were misleading consumers into believing that they could rent back for life, when usually this is untrue.

Rent Back My Property is one of the ethical companies who offer a service that is FSA regulated. If you are looking for a company that will buy and rent back your property, then you should sell with a regulated company.

There were over 1,000 firms in the UK offering homeowners the chance to sell and rent back their property. After the announcement that firms are to be regulated, this number has dropped down to 50. The reason for this is that the requirements needed to meet regulations by the FSA are too high for the smaller companies and the individual trader to meet. Selling your home to avoid losing it may work out to your advantage if you know what you are getting into before signing the deal. By selling to a regulated ethical company, you are ensuring you are offered the best deal possible for your circumstances.