Nottingham Letting Agent Property Blog

A new report published by the Financial Services Authority has found the majority of sale and rent back transactions were either unsuitable or unaffordable. The FSA has reviewed all regulated SRB firms and now all have more or less stopped taking on new business while one firm has been referred to the FSA's enforcement division.The FSA reviewed a total of 22 firms, but only nine had been active since they began regulating this sector. Five of the nine firms have stopped doing business in this sector while another three have decided not to do any business for the foreseeable future, while...