IFA warns on sale and rent back voluntary code

Last week, the newly formed National Association of Sale and Rent Back (NASARB) announced it would be drawing up a voluntary code of practice for its members to ensure consumers were treated fairly. However, Dean Mirfin, business development director at KRS, says consumers should not be confident about the products until the code has been finalised. KRS welcomes the fact the industry has realised there is a major problem with consumers being ripped off, but says sale and rent back schemes continue to be aimed at the most vulnerable people in society, such as the elderly and those in serio...