Right to buy advert banned
The Office of Fair Trading has banned an advertisement which claimed that the right to buy scheme for council tenants was coming to an end.
Lesley Lindley, trading as Your Right To Buy (South West), issued a leaflet which claimed 'time is running out'. An employee made incorrect statements about the scheme to a potential borrower.
John Vickers, director general of fair trading, said this was the fourth time he had had to stop mortgage brokers from 'trying to panic council homeowners into taking out loans by falsely claiming that the right to buy scheme is about to end'.
'Any other broker or lender making similar claims must stop of face action,' he warned.