FSA outlines sale-and-rent-back solutions

The news follows HM Treasury's announcement yesterday it is to extend the scope of FSA regulation to include sale-and-rent-back, in order to ensure consumer protection in the growing market. The regulator said its move also supported the recommendation made last year by the Office of Fair Trading, following a market study which found the sector had the potential to cause serious harm to homeowners who were often already in a vulnerable position. A recent FSA survey of 2,006 adults aged 18 and over found only 42% of those surveyed knew the sector was currently unregulated, meaning people w...