Offer oh house refused,want us to see their mortgage advisor?

Movieman2012

long story short,my fiancee and i are looking at a house, was 200,000 brought down to 145,000 has been on market for two years,the seller is related to the people who are selling the house, we gave them an offer quite high above the last offer to them that was refused, they said we are not going to accept your offer until you see OUR mortgage advisor! is that legal? can they do that? what should we do??? HELP! thank you!!!!!

Fuzzyness

its none of their business where you get your mortgage from. neither does them accepting an offer has anything to do with your mortgage. sounds fishy to me.

Mr_Thrifty

LOL

The sellers want you to see their mortgage advisor??

BitterAndTwisted

What do you mean "the seller is related to the people who are selling the house" The estate-agent has a connection to the vendor?

There is nothing on God's earth that can compel you to see any mortgage advisor never mind one who gives the agent a commission for introducing you. You are not a conmodity to be bartered in such a way.

By the same token, there is nothing on God's earth that can stop you approaching the vendor direct.

They either want to sell this property or they don't. It doesn't sound like there's an orderly queue forming outside, is there?

princeofpounds

Normally this happens when the estate agent tries to abuse their position of middleman to force the buyer into additional services to gain commission.

There are normally two ways of combating this. The first is to submit the offer in writing so that the estate agent has a legal duty to pass it on (unless it does not meet conditions the seller has set themselves). You remind them of their duty in the letter and report to trading standards if you don't think they passed it on.

And/or you approach the seller direct to inform them of the offer and the conduct of their agent.

But given the seller and the agent are linked in this instance, you might not get very far with that. Still worth trying though.

Movieman2012

the seller of the house is related to someone working for reeds rains, i thought it sounded fishy, this forums great fast replies, might see their advisor to jump through some hoops because we want this house??

chris_m

Movieman2012 wrote: »

might see their advisor to jump through some hoops because we want this house??

That's the other option - see the advisor and reject all their "advice".
Set a short time limit on the appointment so you're not wasting too much of your time but, hopefully, take up just enough that they lose an entire appointment slot

Beckyy

Do you have a mortgage lined up?

I wouldn't want to see their advisor, they might start to think it's a case of them saying jump and you saying how high. It would also give them a good idea of how much money you are able to spend, and whether you're making a lower offer - if they are corrupt then they're likely to reject a lower offer because they know you can up it.

Don't let them tell you what you can and can't do. If you really like the house either approach the vendor, or submit an offer in writing as mentioned above.

betmunch

Get them reported to Trading Standards for Conditional Selling.

I would either refuse to see their mortgage advisor and walk away.

Or, if you simply must have the house, see him and offer him the chance to beat the mortgage you already have lined up (which he might be able to do so everyone is a winner)

BitterAndTwisted

The purpose of introducing you to their mortgage-advisor is not just to earn the commission: it's so the agent can know precisely how much you can afford to pay. Do not fall into that trap or you'll be skinned alive.

SuzieSue

BitterAndTwisted wrote: »

The purpose of introducing you to their mortgage-advisor is not just to earn the commission: it's so the agent can know precisely how much you can afford to pay. Do not fall into that trap or you'll be skinned alive.

Exactly. But couldn't the OP lie about their salaries and deposit so that the maximum they could borrow would be amount that they have offered. I doubt that the mortgage advisor would ask to see payslips etc.