TV News LIES

Friday, Apr 29th

Last update05:20:13 AM GMT

You are here News Economy Rent-back schemes 'rob thousands of homes'

Rent-back schemes 'rob thousands of homes'

E-mail Print PDF

Tens of thousands of vulnerable people are being forced to sell their homes at rock-bottom prices through controversial 'sale-and-rent-back' schemes to avoid repossession, according to a study by Shelter, the homeless charity.

The schemes are part of an unregulated industry worth £2.5bn a year. Homeowners are typically offered a lump sum for their properties - usually between 70 and 90 per cent of its value - and told they can stay in their homes providing they keep up payments. But Shelter said most firms only allowed tenants to remain for a matter of months before insisting on selling.

More... 


Most Recent Related Stories...


SunEdison files for Chapter 11 bankruptcy protection

SunEdison files for bankruptsyU.S. solar energy company SunEdison Inc (SUNE.N) filed for Chapter 11 bankruptcy protection on Thursday, becoming...

U.S. regulators fail 'living wills' at five of eight big banks

5 big banks fail regulation testFive out of eight of the biggest U.S. banks do not have credible plans for winding...

US corporations have $1.4tn hidden in tax havens, claims Oxfam report

US corporations hide 1.4t in tax havensUS corporate giants such as Apple, Walmart and General Electric have stashed $1.4tn (£980bn) in tax...

Goldman Sachs to pay $5 billion in U.S. Justice Dept mortgage probe

Goldman SachsGoldman Sachs Group Inc (GS.N) has agreed to pay $5.06 billion to settle claims that it...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!