Responding to the FSA Sale and Rent Back Announcement

Gordon MacRae, Head of Communications and Policy, Shelter Scotland said:

“We are pleased that the FSA has listened to the long standing concerns of Shelter, which highlighted the existence of unscrupulous sale and rent back firms over three years ago. Concerns like ours led to last years' interim regulation of the industry.

“We are now very pleased to see that the FSA are cracking down further on the underhand tactics used by many in the industry. (1) We will continue to highlight instances where these new rules are being ignored so that enforcement action can be taken.”

/ENDS

  1. http://www.fsa.gov.uk/pages/Library/Communication/PR/2010/016.shtml

Contact: Christina Cran, Nicola Baxter
Phone: 0844 515 2442

Website: http://www.shelter.org.uk