Wednesday, 10 June 2009

Quick Property Sale & Rent Back Market to be Regulated

Quick Property Sale & Rent Back to be Regulated

The Government has this month published a summary of responses to its consultation of the quick property sale and rent back market, which closed in May 2009. The FSA will publish the details of its regulatory regime, which will take effect on 1 July 2009 subject to Parliamentary approval.

The Government’s consultation followed an Office of Fair Trading (OFT) market study published at the end of last year, which looked at the impacts of the growing quick property sale and rent back market. The OFT report identified a number of risks to homeowners entering into these arrangements and made three recommendations to Government, including compulsory regulation, increasing consumer awareness and improving information about housing benefits.

The proposed legislation includes a two-stage approach to regulation, in order to ensure consumers are protected as quickly as possible in the current market environment.

The FSA will put in place its full regulatory regime in the second quarter of 2010, following consultation and the publication of its final rules.

EstateAgencyFeesDirect.com will incorporate the findings and work to ensure that only regulated companies are listed.


Regulating Sale and Rent Back
3 June, 2009
MortgageIntroducer - Daily News

Monday, 1 June 2009

What is Tepilo?

Taken from Killer Startups website, more information can be found on this new property website, brainchild of Sarah Beeny...

Tepilo.com

This is an online resource that was launched in the summer of 2009. If you want to get all the benefits of a responsible and professional company that will gives you highly professional services, this is the right site for you to take a look at.

Tepilo is a totally novel service that was created, designed and developed by Sarah Beeny, in order to give users the possibility to get have a new experience when it comes to selling their homes.

In case you want to change the way you think about buying and selling your home for quick property sales, this is the site for you to visit. This exclusive online resource provides you with a large amount of innovative new tools to help you buy or sell and renovate a property online.

This is made possible through a comprehensive and free way to get results without going through an estate agent, which can bear considerable costs. Properties are extensively viewable, and renovation tips are given from a celebrity property expert.

In case you are interested in this service take a look at the site at Tepilo.com

Will be interesting to see what the service can offer without need of estate agency although it sounds like you may need to become an estate agent yourself to use the tools!

Look forward to the summer.