Q&As

A purchaser intends to purchase a residential property with the seller to remain in occupation, on completion, under an assured shorthold tenancy (AST). The purchaser is a cash buyer and will purchase with no mortgage. Would a purchase and AST back be classed as a regulated sale and rent back agreement under the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001, given that there is no mortgage involved?

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Published by a LexisNexis Financial Services expert
Published on: 04 August 2017

Practice Note: Regulated mortgage contracts and home finance transactions defined notes the definition of a regulated sale and rent back agreement (SRBA):

  1. •

    a regulated SRBA is defined in Article 63J of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 (RAO), SI 2001/544 and, broadly speaking, is an arrangement under which, at the time it is entered into, a person (the agreement provider) buys all or part of an interest in land (other than time share accommodation) in the UK from a homeowner (being an individual or a trustee whose beneficiary is an individual) (the agreement seller) on the basis that the individual or a related person is entitled under

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Jurisdiction(s):
United Kingdom
Related legal acts:
Key definition:
purchaser definition
What does purchaser mean?

“purchaser” means a person who has entered into or intends to enter into a protectable disposition as disponee,

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