• From The BBC:

    A Shropshire couple have won a landmark ruling which will let them stay in their home.Paul and Amanda Jackson, of Ferndale Road, Shrewsbury, entered a sale and rent back deal with a company in 2005 after getting into mortgage arrears. But two years later they faced eviction after the firm – Repossessions Stopped – failed to keep up with its mortgage payments on the property. A judge at Birmingham County Court has ruled they can stay there and pay rent. Property for lifeThe sale and rent back firm had promised the Jacksons – who had lived in the home since 1985 – that they could stay there for life, the court heard. But the court heard the firm paid only £63,000 for the property, despite it having a market value of £100,000. Judge David Worster made the ruling on 22 June following a two-day hearing in January. The judge ruled they could stay in the property for life by either taking out a new mortgage and becoming the owners, or through renting the property from the mortgage…

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    Posted by Jon @ 8:23 pm

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