Question about offer

itGuyUK80

Just put in an offer on house with Connells EA and they said I have to be financially checked by them..

Hold on a second, I have Mortgage in principal with Halifax. so I'm not going through this again to see their broker; I have been recommend a broker by someone I trust..

So, surely they cannot force me to go in an see them to confirm with them when I have already lined up I am going to use and so forth..

Just got the impression they are trying to say without saying directly that the sale will not go through otherwise..

anna42hmr

itGuyUK80 wrote: »

Just put in an offer on house with Connells EA and they said I have to be financially checked by them..

Hold on a second, I have Mortgage in principal with Halifax. so I'm not going through this again to see their broker; I have been recommend a broker by someone I trust..

So, surely they cannot force me to go in an see them to confirm with them when I have already lined up I am going to use and so forth..

Just got the impression they are trying to say without saying directly that the sale will not go through otherwise..

what exactly is it they have said to you, is it to see one of their "mortgage" advisors (as some by us seem to have attached financial staff as well) or for you to take in financial details. If it is the former, then they cannot make you go through them for a mortgage etc (and i am sure the vendor would not be happy for the EA reducing their potential buyer numbers)

however, it may be that they need to check that you are able to proceed and its a valid offer they can put to the vendor - for instance the EA for the flat i am buying asked to see proof of deposit funds and to see the mortgage offer.

itGuyUK80

anna42hmr wrote: »

however, it may be that they need to check that you are able to proceed and its a valid offer they can put to the vendor - for instance the EA for the flat i am buying asked to see proof of deposit funds and to see the mortgage offer.

I do not mind taking in my MIP and bank statements to prove that I'm viable for mortgage but do not want to use their broker services...

They were trying to get me to commit to appointment with their mortgage services...

Quimoi

Perhaps paranoia but I would not give all my income details to an EA's broker before an offer was accepted - the EA is working for the seller and would love to know how much you could actually afford in the offer negotiation.

Good estate agents will ensure that a buyer can get a mortgage for the offer amount but your existing agreement in principle should satisfy that.

They can ask but certainly can't force you to see their broker and are obliged to pass on offers to the seller immediately unless they are below an amount previously agreed with the seller.

I would send them proof of the agreement in principle and say 'thanks but no need' to meeting their broker.

kayfaz

I had exactly the same situation with Connells a few days ago, and I was only asking to view the property at that stage, not make an offer.

I do have an MIP and proof of deposit etc which I said I can present it on viewing, but they still insisted that I have a chat with their "independent" mortgage advisor.

When I said forget it then they agreed to arrange a viewing!

Despite all of that, we didn't really like the property, so glad we don't have to deal with them now.

Very bad first impression of the agent.

itGuyUK80

Just annoying that EA think they push me; the harder they push the more I will just shut down..

If needs be if they still refusing to budge I will send a letter to the vendor explaining what has happened and what my offer is...

AlexMac

Round here, as properties sell fast, often with multiple its quite normal for EAs to vet you financially so they can weed out the riff-raff - and its obviously going to be their tame FA who does this; but only a wuss would fall for a sales pitch they didn't want, or divulge info they'd prefer not to.

While you could get irritable about this, in a sellers market you want the agent to show you the best properties before they show 'em to rival buyers, so it might be worth being seen to play along (a bit of constructive creeping never hurts). If on the other hand, its a buyers market and you're not happy, tell the FA to FO

itGuyUK80

EA just come back and offer not accepted...

Property listed has £124,950 and I offered £120K for it..

Advised EA "OK let me know if they change their minds"...

ftb92

We've literally just come home from an appointment with connells mortgage advisor. I was expecting a really hard sell from them and having to fight them off. However, I was there for about 20 minutes and he just asked to see a copy of our mortgage in principle and said that it all looked fine. Took a copy of our ID so that we don't have to do that a later date and said that he will let the EA know on Monday that we are okay to proceed. Not very impressed with connells so far but thought I'd go to keep them sweet. Might just be worth going along with it even though you have your own broker.

pickles13

I had the same thing after my offer was accepted. I was asked to go in 'just to prove that we were financially sound" but when I turned up, I was there for an hour while their in house mortgage advisor tried to sell me his services. The only good thing that came from it was that, as a FTB, there were a lot of things that I didn't know/understand, and he talked me through everything at length. Where he messed it up, was when he began to slag off my current mortgage advisor purely because I had found him online! The following day, the EA called to see if I would using their advisor, which of course I didn't.

itGuyUK80

Giving it some thought I upped my offer by 2K and the vendor has now accepted...

Connells still trying to hard sell me their services. I am biting my bottom lip at the moment, whist the initial ball is rolling I am keeping quiet; however it will not last for long before I will give them a warning that if they continue that I will withdraw and I will personally tell the vendors why this has happened, if they want to continue with purchase to go through a different route.

Personally I feel their services are overpriced services; for example their Conveyancing quote is £545 + VAT if no sale no fee based; got quotes today and plenty of other independent services offer the same (no sale no fee) for £200 to £250 less...