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Star Letter 20/09/13

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  • 20/09/2013
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Star Letter 20/09/13
Each week Mortgage Solutions picks the best reader contribution from our article comments and letters to the editor.

Each week, we also round-up the best comments, emails and letters to the site and pick one reader contribution as our Star Letter. This week’s award goes to:

Estate agents like biblical marauders – Cable

A good point from Cable. I have seen estate agents valuing houses in the Midlands and the clients themselves asking them to sell at a lower price because they felt they were pricing too high.

But, the problem is not just estate agents. Clients need to beware the builder. The Help to Buy scheme is a great benefit, but some builders are certainly doing what I expected them to do when it was first announced, namely inflating prices.

I give two on my clients as an example: Miss X wanted to buy a new build 3 bed semi, the price was £215,000 she has instead bought an identical property in immaculate condition at a higher spec than the new property but 8 years old for £175000.

Mr Y has bought a 4 bed detached house build by the same builder 5 years ago, for £215000. Inflated prices by the builder fuelled by incentives and what appears to be a lower loan to value for their deposit because of Help to Buy.

Kingston

You can read more of this week’s best reader comments in our Star Letter Extra column HERE.

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