Regulations on sale and rent back will hit a home run

As the Financial Services Authority (FSA) announces proposals to regulate the sale and rent system, Dominic Lindley, Personal Finance Campaigner, Which? says "In the current economic environment, consumers are at significant risk of not getting a fair price for their home and facing the risk of eviction in as little as six months. Prompt action is needed and the swift introduction of a regulatory regime for sale and rent back schemes by the FSA is a step in the right direction.

"Which? advises consumers to avoid these schemes until they are properly regulated. If you are having difficult meeting your mortgage payments, contact your lender and speak to an independent debt advice agency."