Sell Home And Rent Back – Questions of Affordability

Although the FSA is now fining lenders who have given out mortgages irresponsibly, it still leaves thousands of homeowners in a financial mess with few options left, aside from a quick house sale, sell home and rent back scheme or the threat of losing their real home. The FSA say that although it is hoped irresponsible advice and lending is rare, evidence suggests it is a ‘serious and widespread problem’.

Currently there are over 100 potential cases of mortgage fraud, with 17 mortgage brokers banned for fraud already this year. It is no wonder more homeowners are left seeking a sell home and rent back scheme as debt takes over.