Sale and rent back (SRB) firm Residential Property Solutions Limited (RPS), has welcomed the final SRB rules published by the FSA last week, saying they give consumers the benefit of additional security of tenure whilst also providing them with the ability to terminate their tenancy agreement by giving three months’ notice.
Pete Thomson, sales director at Residential Property Solutions, said: “The final SRB rules should give intermediaries full confidence to refer their clients to a regulated SRB firm in the future. Tenants have been given valuable additional protection and most of the bad practices adopted by less ethical firms in the past have now been outlawed.
