Rent-to-buy schemes slammed by Consumer Action Law Centre - Victorian Legal Services Board + Commissioner

Rent-to-buy schemes slammed by Consumer Action Law Centre

October 6, 2016

Schemes which encourage vulnerable people into rent-to-buy arrangements for homes have been heavily criticised in a new report prepared by the Consumer Action Legal Centre.

Fringe dwellings: The vendor finance and rent-to-buy housing black market, was released on 5 October 2016 and was launched by Prof. Allan Fels. It discusses the complex legal status of vendor finance and rent-to-buy schemes, the lack of protection for consumers and the lack of industry regulation compared to normal home purchases.

The report, funded by a grant from the Victorian Legal Services Board, can be downloaded from the Consumer Action Law Centre website.

See also media coverage of the report: