Will the OFT Probe into 'Sale & Rent Back' Affect Your BMV Business?

Many property investors are aware of the fierce scrutiny that the Sale & Rent Back
(SARB) sector has been facing in the media of late. This has been followed with intense
lobbying from Shelter, Citizens Advice Bureau and the Council of Mortgage lenders.
In turn, this has led to the OFT launching an investigation into the sector with
recommendations due back this autumn (maybe).


Have a look at the following links for further information:-

http://www.oft.gov.uk/advice_and_resources/resource_base/market-studies/current/saleandrent

http://news.bbc.co.uk/1/hi/business/7400304.stm

http://www.guardian.co.uk/money/2008/may/14/repossessions.property



Like many other honest and ethical property investors we are concerned by the sharp
practises of a minority of 'rogue' operators that are tarnishing the name of everyone
involved not just in the SARB sector but the BMV sector as a whole.

Following a series of meetings we have joined a number of like minded investors to
support the Rent Back Charter Association (RBCA) in order to get our voices heard and to
demonstrate that the sector can self-regulate in an effective way. RBCA have already
met with the OFT and started to put across the reality of the sector and not the media
hyped sensationalism.

The Rent Back Charter Association has also lauched a web-site ( www.rentbackcharter.com )
and we would urge everyone to register if they are in the BMV or SARB business. This
will allow them to gauge interest. You will not need to pay anything to register.

There is a one year non-refundable membership fee of £295.00. However if you are
are amongst the first 50 to pay you will receive a discount of £100. So take up this offer
now if you are even thinking of taking up membership later.

http://www.rentbackcharter.com/membership.php

The aim of the RBCA is to represent those people in the SARB sector who want to
operate in a highly ethical and professional manner and want to continue to operate
without the threat of heavy and costly legislation in the market. The RBCA will be
accountable to their membership, they will publish best practice guidance and
vigorously defend their Charter Code.


If you require any further information please use the following 'contact us' link:-
http://www.rentbackcharter.com/contact.php


To be taken seriously by the OFT and to counter those that are looking to close down
the SARB sector, support the RBCA, ideally as a full member or at least register your
interest now:-
http://www.rentbackcharter.com/membership.php


This Monday on 14th July, all the founding Directors of the RCBA will be
at the Berkshire Property Meet to answer any questions you may have.

We look forward to seeing you on Monday, Juswant & Sylvia, at what will be another vibrant
meeting of networking and learning. It's the best investment of time you can make
in your property business right now. Our guest speaker will be Rob Moore.

See you there!