Unlawful sale and rent back companies still advertising

Shelter has been investigating sale and rent back companies who take out adverts in national and regional newspapers to check whether the companies that are advertising are signed up to the FSA’s tough new regulations. Results show that out of the 18 main companies that advertise regularly in the press, four are still not signed up to the regulation and are therefore operating illegally. Kay Boycott, Shelter’s director of policy and campaigns, said: ‘We are shocked to discover some rogue and unregulated companies have the nerve to advertise in national newspapers when they are operating completely outside of the law. If almost a quarter of the big firms who are advertising in national newspapers are unregulated, then it is highly likely that many more of the smaller companies are operating completely under the radar.’