Regulatory and conveyancing law firm Wright & Wright Solicitors, has revealed FSA Sale and Rentback (SRB) authorisation success for the first of its clients, Buy House Ltd.
This means that Buy House is one of the first firms to receive authorisation from the FSA to carry out SRB business after the regulator’s interim regime for the sector began at the beginning of the month.
Wright & Wright is giving Buy House compliance and ongoing conveyancing and title services, and supported its authorisation application.
Wright & Wright is the only dedicated Sale and Rentback (SARB) law firm to also work within the Land Registry portal and gateway schemes.
The firm has also been heavily involved in consultations with both the FSA and Treasury for the interim regulatory regime which came into effect this month.
Julian Sampson, partner at Wright & Wright, said: “We have had an anxious wait since the 1st July to see how the FSA were going to treat new applicants to the Sale and Rentback interim regime. However