Buy to let clubs take advantage of distressed homeowners
Several buy-to-let clubs are striking sale-and-rent-back deals with desperate homeowners, encouraging members to profit from rising repossessions.
Investors Chronicle publishes an investigation today showing there are more than 20 groups in the UK using free seminars to promote the practice.
The method is being used despite assurances from the government that the Financial Services Authority will regulate the sale-and-rent-back sector.
07/11/08 Financial Times
HomeMove.co.uk – The UK’s independent property help portal.