buying - estate agent wants bank statements etc

duchy

It pays to remember an estate is working for the vendor -and wants to get you to pay as much as possible for the house. Why would you give away your bargaining position by demonstrating to them that you can afford to pay more.

retepetsir

Is this an EA chain?

We had a similar issue with a certain EA (Sequence) last year when buying. We'd seen a house that we were interested in and wanted to view. They wouldn't even let us book an appointment to view it until we'd sat down with their in-house 'financial advisor' to go through figures. This was after stating that we already had everything arranged with evidence to this effect.

We ended up dropping that house completely due to the hassle as they just wouldn't budge. I'm sure the vendor didn't even know this and the house was still on the market 6 months later!

Edit: We made the mistake previously as FTB of telling another chain what we were looking for and our budget. They then kept on pushing houses were above our budget and we certainly very sneaky with everything!

theartfullodger

Write (yes, WRITE! - keep copy) to owner stating your offer "subject to contract" & that you have a mortgage offer in principle but are being delayed by agent:

Alternatively, thank agent kindly & explain you are prepared to do so after they show you theirs... (3 month's bank statements, P60s, HMRC tax return, companies house returns...)

Cheeky monkeys...

amybaby

Hi all thanks so much for all your advice. I didn't take my bank statements etc just AIP and proof of deposit, then told them anything else they wanted to know, they just asked my salary and if I owed anything. When I first got there they were talking about legal team etc but as soon as said my broker was a family friend and I trusted him, they didn't try with anything else and it took 10 mins :-) AND my offer was accepted!!

amybaby

retepetsir wrote: »

Is this an EA chain?

We had a similar issue with a certain EA (Sequence) last year when buying. We'd seen a house that we were interested in and wanted to view. They wouldn't even let us book an appointment to view it until we'd sat down with their in-house 'financial advisor' to go through figures. This was after stating that we already had everything arranged with evidence to this effect.

We ended up dropping that house completely due to the hassle as they just wouldn't budge. I'm sure the vendor didn't even know this and the house was still on the market 6 months later!

Edit: We made the mistake previously as FTB of telling another chain what we were looking for and our budget. They then kept on pushing houses were above our budget and we certainly very sneaky with everything!

Yeah it's a chain, you should have popped a letter in the post to the vendor ;-) I understand people might make offers without having things in place but if you have AIP etc I don't see the problem, the way they were talking was like they couldn't trust my mortgage broker!

amybaby

theartfullodger wrote: »

Write (yes, WRITE! - keep copy) to owner stating your offer "subject to contract" & that you have a mortgage offer in principle but are being delayed by agent:

Alternatively, thank agent kindly & explain you are prepared to do so after they show you theirs... (3 month's bank statements, P60s, HMRC tax return, companies house returns...)

Cheeky monkeys...

I didn't think of this, luckily it hasn't come to that now but I didn't feel comfortable at all when they sent me the email telling me to bring all the above docs. Glad I put this post up and didn't take it all in. Wouldn't be surprised if it put people off l

jules888

We took a bank statement into estate agents last year when buying to show our savings which were paying for the house we were buying as well as the sale of our other house.
We Were"nt getting a mortgage.