Sale & rent back
From the 1st of July 2009, Sale and Rent Back (SARB) falls under the regulation of the Financial Services Authority (FSA). This means that any company advertising Sale and Rent Back activities must be authorised to do so by the FSA. At RedSofa we are passionate about our ethical stance to this market, so are currently conducting a feasibility study to see whether it is possible for us to become FSA authorised. However at this point in time, and whilst we review this situation, we cannot offer a Sale and Rent Back service.
If you do get approached by a Sale and Rent Back company, you should request a copy of their FSA registration number, which can be checked on the FSA website for validity.
As you are looking at Sale and Rent Back, you may also be interested in the following:
Preventing RepossessionEquity ReleaseFrequently Asked Questions