Kirstie Allsopp has an urgent warning for anyone buying a house right now
Be wary of this common illegal estate agent practice
If you are looking to buy a house, Kirstie Allsopp has an urgent estate agent warning you need to hear, or risk being duped.
Related: Kirstie Allsopp's top renovation tips to transform your home in 2020 revealed
The Location, Location, Location presenter took to Twitter to respond to a tweet asking whether it was normal to be asked to go through a mortgage application with an estate agent before being able to view a property. Her message was very clear – 'This is NOT legal,' she tweeted.
'Just a reminder boys and girls that YOU DO NOT HAVE TO TALK TO AN AGENT'S MORTGAGE ADVISOR. Yes, agents should check you are serious/ have all your ducks in a row. But a refusal to show a property or put forward an offer without you talking to their financial folk is illegal,' she wrote.
Just a reminder boys & girls that YOU DO NOT HAVE TO TALK TO AN AGENT’S MORTGAGE ADVISOR. Yes, agents shld check you are serious/have all you ducks in row, but refusal to show a property or put forward an offer without you talking to their financial folk is illegal.May 26, 2020
There a few reasonable questions that Estate Agents can ask to ensure you are serious about buying a property, such as asking for proof of DiP or funds. However, Kirstie warned that forcing someone to sit through a mortgage sales pitch is wrong.
'I've always felt agents should do more to ensure everyone has their ducks in a row. Forcing people to see an agent's mortgage "adviser" is wrong but ducks are good,' she clarified on Twitter.
I have to very gently disagree, I’ve always felt agents should do more to ensure everyone has their ducks in a row. Forcing people to see an agent’s mortgage “adviser” is wrong but 🦆🦆🦆🦆 is good. https://t.co/XBdsPwGqGFMay 27, 2020
Commenting on Kirstie Allsopp's tweet people revealed their estate agent horror stories of this illegal practice.
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'Yep, they all do it. An agent told me I had to see their mortgage advisor, by law. When I asked what law she was flummoxed. Sent them a copy of my pre-agreed mortgage and told them I would sue them if they prevented me from viewing,' tweeted one homeowner.
However, not homeowners were lucky enough to get out at an early stage. Many revealed that they had actually missed out on properties because of this practice.
'I lost a property over this. The estate agent refused to move forward until I saw the mortgage agent – I didn't even need a mortgage,' someone commented.
'Had an agent refuse to put our offer forward until we'd seen their financial person. We told the vendor and refused to progress,' tweeted another.
An independent mortgage adviser revealed that they encounter this every day tweeting: 'As an independent mortgage adviser, I get this every day with agents saying they have to speak with their own adviser by completing a full appointment. Very misleading and they need to be more honest.'
So what can you do to avoid getting caught up by this sketchy practice? On twitter, Kirstie Allsopp urged sellers to make sure they went with an agent who didn't engage in this practice. She even encouraged buyers who had been victims of it to contact her.
Related: Kirstie Allsopp reveals her prediction for the next property hotspot
Heed Kirstie's warning, and don't be caught out by this estate agent trick.
Rebecca Knight has been the Deputy Editor on the Ideal Home Website since 2022. She graduated with a Masters degree in magazine journalism from City, University of London in 2018, before starting her journalism career as a staff writer on women's weekly magazines. She fell into the world of homes and interiors after joining the Ideal Home website team in 2019 as a Digital Writer. In 2020 she moved into position of Homes News Editor working across Homes & Gardens, LivingEtc, Real Homes, Gardeningetc and Ideal Home covering everything from the latest viral cleaning hack to the next big interior trend.
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