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Welcome to the Rent Back Charter Association
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The Rent Back Charter Association represents the interests of ethical & professional smaller and larger landlords alike, whose rental business is already specialised, or looking to become more specialised, in the purchase of properties at below market value and renting them back to their former owners over a number of years.
On 22 October 2007, an open letter was sent to the government, signed by the Council of Mortgage Lenders (CML), Shelter, and the Citizens Advice Bureau (CAB). This letter called for urgent action to regulate sale and rent back schemes, implying that such transactions should only be permitted by registered social landlords (housing associations) and/or be regulated by the Financial Services Authority. The letter drew attention to a number of bad practices and stirred up negative media attention.
In the Budget special provision was made for a full enquiry by the Office of Fair Trading (OFT), and on 14 May 2008 the OFT launched the first phase of their enquiry, a fact-finding stage
(OFT Press Release - 14th May '08).
The Rent Back Charter Association recently made submissions to the OFT enquiry.
We are now inviting like minded ethical & professional landlords to join us - please visit the rest of our website for further information.
Kevan Keegan
Director & Secretary General
23rd June 2008
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