…There are a number of organisations that will make you a verbal offer, but then insist you pay an inflated price for their surveyors valuation (anywhere from £200 £600) before theyll put an offer in writing. They will usually phrase it as a refundable payment for valuation which sounds fine its refundable after all. However, because the money is only refunded if you accept their offerthis system is wide open to abuse. Companies can pocket a quick £200 by making you a strong verbal offer and then lowering it after youve paid for the valuation.
Do that a couple of times a day and you have a business that doesnt even need to buy any property to be profitable. We highly recommend you steer clear of any home buying service that asks for an upfront payment of any kind. The 6 rules to staying safe. When someone needs the services of quick cash homebuyer its normally because theyre in a bit of a fix. There are some excellent companies out there providing a transparent and valuable service, however there are also a fair few people just waiting to take advantage of your situation.
Stick to these 6 simple rules, youll be able to identify a reputable provider and sell safely.
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12, with a total payback amount of 2,269. 44 which including the 3 fee paid from the loan amount, would have a total cost of 329. Representative 29. 82 APR. If you borrowed 5,000 over a 48 month period and the loan had an 8 arrangement fee (400), your monthly repayments would be 131.