Residential Property Solutions Ltd
RPS is an Ethical Sale and Rent back company who purchase property at an agreed discounted price below the market value of the property.
Their aim is to keep your clients in their home and allow them to rent back from RPS at a fair open market rent. Your clients can if they wish purchase the property back from RPS
at a future date provided they have met all the terms of their rental agreement.
Sale and Rent back can be used in situations where a quick sale is needed with minimal disruption and upheaval. It can be used in cases of financial difficulty, divorce, emigration, and equity release. The FSA are fully regulating this market from June 2010 and we have chosen RPS as they already work in a regulated environment with protection for the individual.
Key features of RPS Home Rescue and Buyback Plan:
- Ability to buy property for cash up to 75% of open market value
- Available to home owners over the age of 18
- Applies to residential property in England, Scotland and Wales
- Residential Property must be at least 3 years old
- No non-traditional construction types
- Valuation and legal fees paid when using RPS panel (a £500 contribution by RPS towards your client's own legal costs will be made should they use their own solicitor)
- RPS requires a clear legal title to enable the purchase to proceed and complete
- Discreet transaction
- Up to 5 year Assured Short hold Tenancy agreements available (Short Assured Tenancy
agreement for Scotland) - Suitability will be assessed on an individual basis
- Discounted rental periods available in certain cases
- Ex local authority property considered – only if the 3 year pre-emption period has expired
Our unique approach:
- All commitments supported by legal contract with the vendor
Earnings
You will receive directly from RPS a fee of 0.40% of the agreed purchase price on each completed transaction per introduced client. On top of this, you will receive an additional 0.10% in your annual payback from Paradigm – making a total of 0.50%.
Sale and rent back will not be right for everyone, but it does provide a valid solution for homeowners facing eviction, who have exhausted every other option. RPS is the market leaders with a wealth of industry experience and will ensure that your clients are treated fairly at all times.
Registration
Registration is easy. Just click here and complete a simple form.
See the links on the right for more details concerning RPS’ Customer Charter, Customer Guide, Application and Fact Find, and client Tenancy Agreement.
RPs can be contacted directly on 0800 612 7525, or go to www.therpsgroup.co.uk