Could sale & rentback fix the mortgatge arrears hole? David Cowan investigates.
A succession of recent cases highlight the signigicant risks associated with sale & rent back transactions, in particular whether representations concerning the nature & cost of the continued occupation after the sale are capable of being carried out.
This article was first published in New Law Journal (http://www.newlawjournal.co.uk), “Desperate measures?”, NLJ 16 March 2012, p 381.
Read the full article here.