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UK to Regulate ‘Sale and Rent Back’ Schemes HW+

Jun 02, 2009By

The UK Parliament is considering legislation to bring so-called ‘sale and rent back’ agreements within the scope of the Financial Services Authority (FSA) regulation. These deals occur when a firm approaches an underwater borrower and offers to purchase the distressed asset. In return the resident gets to rent the property for an extended period, with the option to repurchase in the future.

3d rendering of a row of luxury townhouses along a street

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