FCA brings case over operation targeting homeowners in financial difficulty
A man illegally brokering credit and mortgage deals has been sentenced to two and a half years in prison after the Financial Conduct Authority (FCA) brought proceedings over an unauthorised sale-and-rent-back operation aimed at homeowners struggling financially.
Rajinder Gill was convicted of running sale-and-rent-back agreements without authorisation and of unlawfully arranging credit agreements and mortgages. The court also dealt with two others linked to the scheme.
Amandeep Heer received a two-year community order with a requirement to complete 250 hours of unpaid work. Jetinder Sandhu has completed 100 hours’ unpaid work over 12 months, imposed as a condition of a 15-month prison term that was suspended for 18 months.
The FCA said Gill operated through Secure Property Consultants and approached people under financial pressure, telling them he could sell their properties quickly. Homeowners were offered cash advances and told they could remain in their homes as tenants after the sale.
The regulator said victims were encouraged to sell at below market value and were charged fees described as excessive, unclear or concealed, with total charges reaching £925,233. Some customers were later evicted.
Through Secure Property Consultants Ltd, Mr Gill targeted homeowners in financial difficulty. He’s been sentenced to 2.5 years in prison for an unauthorised sale-and-rent-back scheme and illegally providing credit agreements and mortgages. https://t.co/DM0ZTrFLe8 pic.twitter.com/cv7Jnto0pC
— Financial Conduct Authority (@TheFCA) March 11, 2026
“Mr Gill and his accomplices preyed on vulnerable homeowners, turning financial difficulty into misery to fill their own pockets,” said Steve Smart (pictured right), executive director of enforcement and market oversight at the Financial Conduct Authority.
“Sale-and-rent-back comes with significant risks. If you are considering using it, always check the provider is authorised by the FCA.”
The court heard that once Gill became aware the FCA was investigating, he attempted to hide what had taken place and closed the business, including telling clients not to speak to the regulator. The FCA said Heer, described as Gill’s partner, and Sandhu assisted the offending.
Gill pleaded guilty to 27 offences linked to sale-and-rent-back agreements and credit or mortgage contracts, and asked the court to take a further 12 similar offences into account at sentencing. Following a trial, Heer was convicted of three similar offences.
The FCA has begun confiscation proceedings to recover money, with a view to compensating victims. Gill was also disqualified from acting as a company director for eight years.
The regulator also urged consumers to use the FCA Firm Checker to confirm that a firm and the individuals they are dealing with are authorised.
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