OFT Helps House Buy Fast By Investigating ‘Quick Sale Companies'

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The watchdog has highlighted concerns surrounding ‘quick sale’ house buying companies offering tens of thousands less than market value. The Office of Fair Trading are to investigate whether some companies and individuals advertising to buy fast may be using unfair methods to bag a bargain.

House Buy Fast - The Regulated Quick Sale Company

House Buy Fast

I am pleased that this sector is being looked at. We hear from many consumers who have been dealt with harshly or are left with fees even if a sale doesn’t progress.

More than 50 quick sale companies have been contacted by the OFT asking for information on the business and how it operates. Consumers who have used such services are also being encouraged to make contact to report their experiences.

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The fear is that vulnerable sellers are being misled and are losing out on thousands of pounds.

Jonathan Rolande of House Buy Fast, an organisation assisting the OFT in their study, says, “I am pleased that this sector is being looked at. We hear from many consumers who have been dealt with harshly or are left with fees even if a sale doesn’t progress.”

The company Director, 42, goes on to explain, “In my view, regulation is already in place to combat many of the issues, such as misleading advertising or unfair contracts. Sellers must always use a solicitor before commiting or they leave themselves open to sharp practice.”

The OFT report is due to be published in July.

House Buy Fast is due to release a question and answer video on Friday 19th April, presented by the director Jonathan Rolande, for consumers answering their questions about the service.

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Jonathan Rolande
House Buy Fast
01903 216 260
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