Sale and rent back provider Residential Property Solutions (RPS) has launched a charter to promote standards within the sector.
RPS chief executive Peter Beaumont (pictured) said: “It has become apparent from feedback we have received from intermediaries that they are only prepared to deal with truly ethical sale and rent back firms. However, it is difficult for brokers to sort the wheat from the chaff, so we have drafted a charter which we are suggesting all sale and rent back firms should adhere to if they want to describe themselves as ‘ethical’.
“This is a market which has come of age and the truly professional operators need to be prepared to raise their game to a level which exceeds the proposed regulatory minimum. We believe that our charter lays down a gold standard to which others can aspire.”
RPS says it will publish the names of any firms which can prove they can adhere to the terms and will endorse them as being "ethical" SRB operators.
Beaumont said: “We’re willing to play our part to help raise standards and encourage other SRB firms to sign-up to our ethical charter. It will cost them nothing, other than a commitment to provide their clients with the best possible service.”