TFC launches Sale & Rent Back panel
The SARB sector has been under the microscope in recent months and as of June 2010 it will come under full FSA regulation. TFC’s new panel currently features three leading providers – Residential Property Solutions Limited, National Homebuyers, and Your Home 4 Life. TFC is in discussions with other providers and expects to expand the panel in the coming weeks and months. Advisers can now refer clients to TFC, who will assess their needs against the offerings of the panel providers. An expert adviser will talk the client through the process, and should a SARB transaction be the end result, a fee of up to 0.5% will be payable to the introducing adviser.
Andy Brown, managing partner of TFC, said: “The regulation of the SARB sector is being welcomed across the industry, most notably by those providers who offer clear and transparent service to their customers. Our new SARB panel will enable advisers to offer their clients a choice of three providers who are embracing the new FSA regulations. What’s more, the adviser need only make the introduction to earn a healthy commission on the sale of the property, as we have the relevant authority to progress the case.”