A level playing field
Rutter, Matthew
A level playing field - 2005 - Estates Gazette (0534) 27 August 2005, 107(1) .
Examines the Regulation of Financial Services (Land Transactions) Bill that is currently going through parliament. Its aim is to align the regulation of equity release and Islamic mortgage schemes with other products that have been regulated since 31 October 2004: home reversion schemes will be regulated by the Financial Services Authority (FSA) in line with other equity release products, a level paying field will be created for the regulation of Islamic mortgages and private sector tenure schemes will come under FSA regulation. The bill will offer the often vulnerable buyers of equity release schemes the same level of protection whether they opt for a mortgage-based scheme or home reversion.
REGULATION OF FINANCIAL SERVICES (LAND TRANSACTIONS) ACT 2005
A level playing field - 2005 - Estates Gazette (0534) 27 August 2005, 107(1) .
Examines the Regulation of Financial Services (Land Transactions) Bill that is currently going through parliament. Its aim is to align the regulation of equity release and Islamic mortgage schemes with other products that have been regulated since 31 October 2004: home reversion schemes will be regulated by the Financial Services Authority (FSA) in line with other equity release products, a level paying field will be created for the regulation of Islamic mortgages and private sector tenure schemes will come under FSA regulation. The bill will offer the often vulnerable buyers of equity release schemes the same level of protection whether they opt for a mortgage-based scheme or home reversion.
REGULATION OF FINANCIAL SERVICES (LAND TRANSACTIONS) ACT 2005