Home equity release schemes in which homes are sold and rented back should be subject to regulation by the Financial Services Authority, the Office of Fair Trading has concluded after an investigation.
See http://www.primelocation.com/news/regulation-likely-on-home-sale-and-rent-back/
The News & Star reported a sharp rise in number of home owners who are handing back their properties. The UK government recently announced they will be providing a sale and rent back scheme to homeowners to try and minimise the huge amount of repossessions taking place at the moment.