Monday, November 30, 2009
UK Estate Agents Force Buyers Into Mortgage Loans
The latest study carried out by the Times Money, published on Saturday, November 28th, showed that many UK estate agents use unfair practices to boost profit. According to the study, estate agents oftentimes force potential home buyers to use in-house mortgage services even if buyers have no need in them. Such services, however, help estate agents earn additional commissions, especially as they offer mortgage deals from certain panel of lenders and, thus, do not guarantee the most attractive mortgage offers.