TV News LIES

Friday, Dec 13th

Last update09:24:27 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...


Citing the pandemic, TGI Fridays files for bankruptcy

TGI Fridays files for bankruptsyThe parent company of TGI Fridays, the casual dining chain, has filed for bankruptcy, the company...

US adds over 250,000 jobs in September, defying fears of slowdown

250,000 jobs added in September American employers added 254,000 jobs last month in the penultimate jobs report before the US election,...

Boeing will lay off 10% of employees as a strike shuts down airplane production

Boeing lays of ten percent of work force Boeing plans to lay off about 10% of its workers in the coming months, about 17,000...

Fed cuts interest rates in historic move. Are more large cuts ahead?

Fed reserve chief PowelllThe Federal Reserve lowered its key interest rate by a hefty half percentage point Wednesday, moving...
 
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!