Estate agents were in the headlines again this week as the Home Owners Association revealed it was hearing significant numbers of complaints about high pressure referral tactics.
Agents were also accused by government and other industry representatives of being unsupportive of the potential for reservation agreements to improve the homebuying process.
NatWest’s increase of its procuration fee drew attention, as did its demand for a landlord to evict her tenant receiving housing benefit in order to remortgage.
Meanwhile concerns were also raised about the stability of some peer-to-peer lenders with fears poor lending practices could severely damage the market.
Estate agents pressuring buyers to use in-house brokers and charging 8% commission on auction sales – HOA
NatWest raises maximum procuration fee
Peer-to-peer lenders warned not to take the industry down with them
Persimmon boss walks off camera when asked about £75m bonus
Remortgage or product transfer?
Estate agents resisting reservation agreements – Ministry of Housing
NatWest tells landlord to evict tenant on benefits or pay £2.5k in ERCs
What will the Budget 2018 hold for housing and mortgage brokers? – Marketwatch
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