The Government must regulate Sale and Rent Back schemes

Donna Werbner, Property Expert at money website Fool.co.uk, says: "Misleading, harmful and unacceptable is exactly the right way to describe these schemes - so hats off to the OFT for finally acknowledging this.

"Fool.co.uk has been calling for regulation of these schemes for over 10 months now. Following the OFT's damning report, we call on the Government to bring in legislation to better protect homeowners and ensure these schemes cannot continue to operate completely unregulated.

"It's time to act now, before more vulnerable people are put at risk - it is essential these people are protected by legislation."