Estate Agents, Do you trust yours?

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The dodgy estate agent tactics that leave buyers and sellers out of pocket

https://www.telegraph.co.uk/money/consumer-affairs/dodgy-estate-agent-tactics-leave-buyers-sellers-pocket/

Buyers at one agent are offered £1,000 if they use in-house services – but this is shaved off their bid, a whistleblower said.

There’s a joke among estate agents that they no longer sell houses – instead, they increasingly profit from mortgage broking and conveyancing services, causing buyers and sellers to lose out. 

“It’s all about selling mortgages these days,” said Jenny*, who has worked in the industry for 10 years at a large chain based in the South East.

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Budget 2017. Stamp duty freeze saves first-time buyers up to £5,000 on £300,000 house.

The Chancellor announced today (22/11/17) that first-time buyers will not have to pay any stamp duty on the first £300,000 of any home that costs up to £500,000 with immediate effect, . This means that on a home worth less than £300,000, you will not be required to pay any stamp duty…. (more…)

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