Buying your first home should be an exciting and rewarding journey. However, for many first-time buyers, the process is becoming increasingly challenging due to corporate estate agents prioritizing profits over client interests.
At The GOT, we believe in transparency, fairness, and expert guidance when it comes to mortgages and financial security. That’s why we’re shedding light on the tactics used by corporate estate agents and how you can protect yourself.
The Corporate Playbook – Are First-Time Buyers Being Misled?
For those entering the property market, navigating mortgage applications, legal paperwork, and negotiations can be overwhelming. Rather than offering support, some corporate estate agents are using aggressive sales tactics to push their in-house services—often at the buyer’s expense.
Understanding these strategies can help you make informed decisions, ensuring your financial well-being remains the priority. Tactics Used by Corporate Estate Agents – What to Watch Out For
1. PRESSURE TO USE THEIR MORTGAGE BROKER
You are not obligated to use an estate agent’s recommended mortgage broker. However, many first-time buyers are told they “must” attend an appointment before their offer is even considered.
Why does this happen? It allows corporate agents to earn commissions while influencing buyers toward products that may not be the best fit. At The GOT, we offer independent, tailored mortgage advice, ensuring you secure the most competitive rates without hidden agendas.
2. UNNECESSARY PROOF OF FUNDS REQUESTS
Some estate agents refuse to acknowledge offers unless buyers provide extensive proof of funds—even when an Agreement in Principle (AIP) is already in place.
This is not a legal requirement but rather a way for corporate agents to control the process and steer buyers toward their preferred services. Working with an independent mortgage expert, like The GOT, ensures you have the right documentation while avoiding unnecessary delays.
3. OVERPRICED LEGAL & SURVEYING SERVICES
Corporate estate agents often push buyers to use their “recommended” conveyancers or surveyors—usually at inflated prices. Many buyers unknowingly pay hundreds more than necessary for legal services they could source independently.
We recently helped a client save over £500 by recommending a trusted, independent conveyancer. Always compare options to ensure you’re getting the best deal.
This practice creates unnecessary competition, pushing up prices and causing frustration for serious buyers. At The GOT, we empower you with expert guidance, ensuring you navigate these challenges with confidence.
Advice for Sellers – Why Independent Agents May Be a Better Choice
Working with an independent estate agent can provide more flexibility, transparent pricing, and a smoother experience. Choosing the right representation ensures your property is marketed effectively without restrictive conditions.
Expert Advice
Choose an independent mortgage broker
You could save thousands over your mortgage term with a tailored solution.
Compare legal services
You could save thousands over your mortgage term with a tailored solution.
Compare legal services
Always get multiple conveyancing quotes to avoid inflated prices.
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The Impact of Skincare Business Consulting Services
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