won't consider an offer until estage agents mortgage adviser vets us?

mrginge

ILW wrote: »

The buyer is an adult, and adults generally know how to say no. Or are people that stupid these days?

So this adult can go along to this meeting and say no, but isn't allowed to say no to the meeting in the first place?

ILW

mrginge wrote: »

So this adult can go along to this meeting and say no, but isn't allowed to say no to the meeting in the first place?

Not if they want their offer passed on, it appears. Better to keep onside with the EA. String them along if it is likely to help.

mrginge

ILW wrote: »

Not if they want their offer passed on, it appears. Better to keep onside with the EA. String them along if it is likely to help.

Or alternatively tell them to stop breaking the law and/or go direct to the vendor.
Stringing them along is one thing, but many people can't be bothered with god awful EAs who just want to flog any old rubbish to them.
Just like they don't want unsolicited phone calls from ppi claim firms, marketing rubbish shoved through their letterbox or to be chugged while they walk down the street.

ValHaller

ILW wrote: »

Not if they want their offer passed on, it appears. Better to keep onside with the EA. String them along if it is likely to help.

The awful problem with that advice is that it creates a climate in which it is much easier for Agents to bully buyers into taking other services.

Goldiegirl

If they tried this tactic with me, I'd be inclined to say forget it, and withdraw the offer.

I certainly wouldn't be going to any meeting, just to keep onside.

If I was moving, I'd be moving to downsize, so I'd have no need of a mortgage, and I've managed to make my own insurance arrangements for many years.

I'd tell them straight, that any meeting would be a waste of their time and my time.

ash28

Goldiegirl wrote: »

If they tried this tactic with me, I'd be inclined to say forget it, and withdraw the offer.

I certainly wouldn't be going to any meeting, just to keep onside.

If I was moving, I'd be moving to downsize, so I'd have no need of a mortgage, and I've managed to make my own insurance arrangements for many years.

I'd tell them straight, that any meeting would be a waste of their time and my time.

We sold our house in August 2011 and moved in October 2011, we wanted offers from proceedable buyers only, buyers who had sold their own property and had the finance in place to proceed with the purchase.

I don't know whether that meant a visit to the financial advisor in the estate agent's office or not for the potential purchaser.

We didn't need a mortgage and weren't asked to see a financial advisor....we would have refused, however if I had needed a mortgage I might have visited them to see what they could offer - sometimes financial advisors have access to deals that aren't available on the high street.

Wh05apk

Funny enough I had this issue over the weekend, we are looking at buying a BTL flat, and the EA insisted I spoke to their mortgage person, I was all set for a fight, but when they called they said they had listened to my voicemail message and realised I was a broker, so just asked if I was doing myself, and if all sorted!

Ultimately they just need to qualify you, and if you have an AIP that should confirm to them that you are able to proceed and not a time waster.

If it was me, I would always use someone independent from the agent to avoid any "leakage" of info when making offers.

magpiecottage

Sequence group is a member of the Property Ombudsman Scheme which requires members to pass on all offers except those they have a written instruction not to.

So you could call the EA's bluff and ask to see that written instruction.

Alternatively, agree to see the adviser and immediately tell them you are making a formal complaint that you were forced to see them in order to get the offer on the property passed on to the vendor, despite already having a mortgage arranged. Tell them that you want the matter investigated under the FCA's "DISP" rules.

Sadly, with the advent of compulsory mortgage advice next year, I suspect this kind of problem will become more commonplace.