Skip to main content

onthemarketblog Home > Opinion FTAdviser Blog ,Stop estate agents from using underhand tactics,Letter to the Editor

Home > Opinion > FTAdviser Blog

Stop estate agents from using underhand tactics
Letter to the Editor

I am writing to ascertain how we can stop estate agents telling downright lies or not putting offers to their vendors.

We have come across two cases where the estate agents has informed the buyer that he will not put forward their offer if they do not arrange the mortgage with them.
UK online alternative finance market grew to £3.2 billion in, 2015 Real estate is the single most popular sector

In another instance, the estate agent requested sight of the Decision in Principle for one of our long-standing clients. After providing this, they then requested bank statements, wage slips and passports on the pretext they had to carry out money laundering. What nonsense is that? I was unaware of this at the time as I would have told them to take a running jump.

P2P mortgages alternative finance, mortgages selling became harder for banks and estate agents though easier for consumer 

Two hours after providing the documents, our client received a phone call from their in-house mortgage consultant inviting him to the office stating that he could find them a better deal. Really? The client declined. So, maybe some readers can come up with answers, because, if not, they will get away with things that we brokers will not always be aware of as they are now so unethical.

Brian Rossiter

Managing director

Armchair Mortgages



Further Reading 

How BlockChain may solve fraud in Real Estate property industry #CRE

UK online alternative finance market grew to £3.2 billion in, 2015 Real estate is the single most popular sector

Hot Property, Insurance , Real Estate the KPMG Fintech UK make top 10 #fintech100 100 list

'Kleptocracy tours' 35,000 London properties currently have unknown offshore owners

UK's largest property developers accused of 'profiting' on the back of the housing crisis

Pop Up Housing a solution not just for London but the UK

estate regeneration statement GOV UK DCLG ,Lord Heseltine ,Brandon Lewis MP

Digital Mortgage service: making improvements again & again

Uber's property footprint unmatched among San Fran Bay Area ,Tech StartUps

OnTheMarket overseas properties , Britons with holiday homes in France face paying extra 10% in tax if they sell the property following a Brexit

Guests staying with AirBnB for the super bowl top 15,000

FT first 'Rightmove maintains grip in battle of property portals @onthemarketblog

Morrisons Super Markets signs deal to sell food to Amazon online customers

Amazon eyes up UK restaurant delivery market Launches of Passion Search ,Don’t battle your passions, unleash them

Formula One star Eddie Irvine lists his Irish home on Airbnb

David Cameron calls EU referendum for June 23 2016 Official Statement @onthemarketblog selects Birst's Cloud BI platform for data integration from all its brands and apps

Good News UK mortgage approvals hit two-year high BoE

IMF Statement: LUXEMBOURG: Concluding Statement of the 2016 Article IV Consultation Mission what Brexit means UK House prices

Spanish house prices 2015 see rise highest rise 2007 crash , stabilisation of housing market,

No Brexit for me, why I'm staying in a reformed EU and so should you

Scotlands House prices rise and sales grow

An analysis of recent trends in the Irish rental market 2015 in Review

fourth quarter 2015: First-time buyers took out 87,100 loans to purchase homes. + house prices in UK

GeoPhy Exodus-from-EU-may-spark-correction-in-the-rental-market.html

1st of March David Cameron St David's Day message "wonderful country and a great part of the United Kingdom"

Amazon eyes up UK restaurant delivery market

Bank of England's unease over market's rate view Carney & Shafik

Morrisons Super Markets signs deal to sell food to Amazon online customers

Buy-to-let investors 'could face losses'

Brick-And-Mortar Crumbling? Don't Believe It > Forbes > Leadership

Chinese authorities shut down microblogging accounts belonging to a real estate mogul

Foxtons high street estate agent facing landmark claim for £2million from group of 55 landlords

Brexit , investor, impacts on the property market overall and on aggregate consumption in the economy will be limited.