Estate agent wants me to attend meeting for in-house mortgage advice

cabbage

rwharram16 wrote: »

The simple answer is go and see an independent mortgage broker and tell the agent that you want to use somebody of your choosing and remind them that they are legally bound to put your offer forward whether you have a mortgage agreed or not or whether your are a cash buyer. I have come across many occassions where people state they are cash buyers only to end up obtaining a mortgage.

It might be worth an hour of your time if you want the house. The EA should always pass on offers to the vendors. They might or might not be telling the truth about the other buyers (you could find out by speaking to owners on a second viewing). The owners probably want to find out a bit more about you so they know the sale is safe as it can be and the agents usually do this via an interview with their mortgage adviser.

propertyman

kingstreet wrote: »

Perhaps a little note through the vendor's door;-


or perhaps even knock on the door and explain this to them face to face.

Adding copy attached....

propertyman

cabbage wrote: »

The owners probably want to find out a bit more about you so they know the sale is safe as it can be and the agents usually do this via an interview with their mortgage adviser.

It is more likely that the vendor has been told to think that by the EA, and by doing so creates the doubt that serves their interests by direct selling finances.

It is a tactic introduced and widespread in the early 80's when the banks and Insurance companies bought up estate agents and is still abused/used.

Tell your vendor direct as suggested in a second viewing that
a; mortgage offer lined up
b; the loan/cash deposit split eg 90/10 on the offer

AND

3: We have a solicitor/conveyancer already instructed details at the ready
4: We have agreed a fee and will be getting ABC to do the survey and valuation/ abc lender's surveyor will be doing those.

Copies of letters for the vendor are very helpful in bypassing these idiots, but as soon as you do, rush round to the EA and smooth talk them and tell them what you have done. They then cannot say that they haven't seen it so cannot comment.

Friends close enemies closer and EA's never out of your sight!

dawyldthing

DannyboyMidlands wrote: »

Ah, the famous "other offer". I just bought a house that'd been on the market for 18 months. Guess what? The very day that I make my offer, the EA coincidently receives a higher offer. It is BS. A particularly lame EA tactic. Often the "other offer" will come from the people who viewed just before you, the ones you passed in the hallway, just to add that little feeling of personal competition. Anyway, in my case, a week later the sale from the "other offer" had "fallen through".

same as the one round here, had been under offer for a week then randomly its back up again to buy. Now theres a huge surprise!