BBC London

[cougar]

I understand the need to qualify applicants when offers are made but it is becoming a frequent problem of corporate estate agents in some cases refusing to put offers forward or withdraw the property from the market unless the client speaks to their broker(who are often very limited in what they can offer from their panel for a start). Only today I have spoken to a client who has been charged two fees for applications that did not go anywhere. As the agent could not sell their house and advised them to raise the money on a BTL mortgage why they continue to market the property so she could purchase a new home. potentially tying her in on an expensive rate and high redemption penalties and raising more money than she needs. All she wanted to do was sell and move on.

[Scammell]

I have a case where the clients require 90% LTV and are child of an existing client, so rather than offer them a 5 year deal at 7% plus, was honest and said Clydesdale at 5.99% for 2 years was better. The Agent in Basildon have said the ONLY way that they will take the property off the market and reserve it for the client will be to have the mortgage arranged in house, even though their Broker will only offer Nat West at 6.49% over 5 years. Apparently there is another non- first time buyer prepared to offer the same amount, but won't go higher and is prepared to use their Broker, but as my client got in there first, they will proceed with them ONLY if they are arranging the mortgage. Even though the property is subject to the granting of Power of Attorney as the Vendor has gone into a home nad the property needs to be sold by the daughter once POA has been granted and they expect this to take 3 months. All VERY dodgy, but I feel sorry for the client as they are being effectively balckmailed into this, although I wil have the last laugh I hope!!

Sorry for delay in replying, but only just seen the link!

[Golfmad]

Swanny how did you get on?

[swanny]

Okay

They will let me know when it will be shown