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National Homebuyers

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Comments

  • maninthestreet
    maninthestreet Posts: 16,127 Forumite
    Part of the Furniture
    scutter wrote: »
    I can't believe that they do not buy property's as surely they would be in breach of one of the advertising bodies regulations

    They never bought any property, because no home-buyer in their right mind would accept their absurdly low offers.
    "You were only supposed to blow the bl**dy doors off!!"
  • scutter
    scutter Posts: 23 Forumite
    Update:mad::mad::mad:

    Well I accsepted the offer on a 4 bed detached house worth £280.000 The offer was £229.268.

    I instructed solicitors and sorted the mortgage. " weeks from exchange they have come back to me and have said that there research department has a new figure.

    Based on there research my house is only worth £205.000 on the open market and the offer is now £150.000

    They say they have spoken to all the estate agents in Braintree. I have contacted them and none have spoken to National Homebuyers.

    I am contacting trading standards and Watchdog.

    AVOID THIS COMPANY LIKE THE PLAGUE
  • clutton_2
    clutton_2 Posts: 11,149 Forumite
    scutter you were advised on here more than once that this company was known to do this ... why did you accept the offer ?

    maybe the market value of your property actually has dropped to £205k ?

    go to an auction house and ask their advice as to how your local property market is behaving at auction - you can always put a reserve price on it....

    quick sale companies have been slaughtered by the credit crunch in so far as lenders have less than 1/3rd of the mortgage products on sale now than a year ago. Lenders are also increasing their mortgage arrangement fees such that is it becoming stupidly expensive to buy a Below market value property - knowing that mortgage payments have to be made for several months whilst awaiting the re-sale.
  • scutter
    scutter Posts: 23 Forumite
    I accepted the offer because I had a offer in writing. They told me they had done the research and the offer was £229.268.

    A house identical to ours is on the market for £280.000 and a house smaller then ours has just sold for £260.000.

    We accepted because the house we are buying was dropped from £500.000 to £450.000 so we weren't really loosing out. I didn't believe that a company as large as this would act this way.
  • clutton_2
    clutton_2 Posts: 11,149 Forumite
    is there anything in their small print to say they can change their minds .......
  • maninthestreet
    maninthestreet Posts: 16,127 Forumite
    Part of the Furniture
    clutton wrote: »
    is there anything in their small print to say they can change their minds .......

    Until contracts have been exchanged, nothing is set in stone. The offer in writing was just that - an offer, not a binding contract.
    "You were only supposed to blow the bl**dy doors off!!"
  • scutter
    scutter Posts: 23 Forumite
    Bump......
  • clutton_2
    clutton_2 Posts: 11,149 Forumite
    have you approached any other quick sale companies ?
This discussion has been closed.
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