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The treasury is taking a closer look at the 'Sale and Rent back' sector.
They have major concerns as to how companies in this sector market their offering to increasing numbers of struggling homeowners.
The sector has been greatly criticised following a number of highly publicised evictions of tenants and cases of excessive rents been charged .
The Office of Fair Trading has launched an investigation, asking companies to justify their advertising claims or face prosecution.
Hear a radio interview on Radio Four here
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1 comment:
The only way to really crack down on these people would be to introduce a mandatory registration scheme for all sale and rent back operators, supported with adequate funding, policing, and teeth.
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