compensation from Estate Agent ??

Gromitt

The problem is, as already stated - at the offer stage, the EA can not confirm whether or not any one has the funds they say they have.

If you have a mortgage in principal, put an offer in and then get rejected for the actual mortgage you are not proceedable, but don't know this until sometimes weeks further down the line. The EA can't ignore your offer though and must inform the vendor of it.

The last agent I made an offer with requested copies of my bank statements before they would mark the property as under offer. I clearly stated that my bank statements are nothing to do with them and they could confirm my financial capability with my solicitor. The EA was non to happy about this, complaining that it would cost them additional fees. I pulled out after a survey and they got really stroppy. Never viewed a house under them since.

martinjade

ILW wrote: »

I should imagine that the poor sod that got his home repossed would thank the EA. Or does he not count for anything?

As I said some extremely random replies !!

He went bankrupt, taking down several other businesses with him because of his unpaid debts, so its irrelevant. However, in your mind presumably that makes the EAs actions acceptable ?

Looks like this forum is full of estate agents

DTDfanBoy

martinjade wrote: »

Yes, he did.

However in the process he committed fraud and broke the ombudsman's code. I'm not sure the seller (a major financial institution) would want to be publicly associated with his actions albeit, privately patting him on the back

Best of luck proving that one

It's nothing that hasn't been done a thousand times before, you should consider yourself lucky that there was actually another party involved in the bidding war, plenty out there get suckered into raising their offers without another interested party even existing.

I don't see why you are so upset by all of this, you purchased at a price you were happy with, and by your own admission got yourself a bargain. Just take your mistake onboard, and be thankful that next time round it's a trick you won't fall for

DTDfanBoy

martinjade wrote: »

As I said some extremely random replies !!

He went bankrupt, taking down several other businesses with him because of his unpaid debts, so its irrelevant. However, in your mind presumably that makes the EAs actions acceptable ?

Looks like this forum is full of estate agents

Or realists

Emmzi

"no really OP, go ahead and sue."

Is that the advice you are looking for?

I understand you are angry and frustrated. But, you have been given good advice. No need to get shirty just because you don't like it!

googler

martinjade wrote: »

I did visit the ombudsmans website as suggested and came across the following under the codes published.

(Code quoted here)

I think there is enough to proceed with a case bearing in mind, I know his credentials weren't checked. I presume the ombudsman will ask for written evidence from both sides which I can provide.

You do also realise that prior to presenting your case to the Ombudsman, you have to go through the EA's own complaints process?

What written evidence do you have?

ILW

martinjade wrote: »

As I said some extremely random replies !!

He went bankrupt, taking down several other businesses with him because of his unpaid debts, so its irrelevant. However, in your mind presumably that makes the EAs actions acceptable ?

Looks like this forum is full of estate agents

So his creditors will get a bit more.

haras_nosirrah

martinjade wrote: »

AFTER we moved in I have been able to establish his house has been on the market for 6 years, the asking price, his age, his outstanding mortgage balance etc. etc.

Wow - stalk much

Maybe he was buying to let. Then his outstanding mortgage and the fact it was on the market 6 years wouldn't have been a factor - neither would his age be.

Hoof_Hearted

I don't like estate agents and their tactics, but I think you will have to swallow this one. I think when you are buying a house you have to be hard-headed. You should have pulled out when the price escalated to see what would happen. You could always return later with an improved bid. As it is, you believe the house is worth what you paid for it, so be happy.

martinjade

Emmzi wrote: »

"no really OP, go ahead and sue."

Is that the advice you are looking for?

I understand you are angry and frustrated. But, you have been given good advice. No need to get shirty just because you don't like it!

No one's getting shirty, not angry nor frustrated. Just amused at the so called expert advice, from people who have absolutely no idea what they are talking about. By the way what does OP stand for ?:rotfl: