OFT investigates 'quick house sale' firms
By Sarah Reynolds
The Office of Fair Trading (OFT) has carried out a study into the quick house sales sector and the alleged unfair practices of some of the businesses involved with these sales that may have led to certain customers losing tens of thousands of pounds.
Quick house sale providers offer to buy a house or find a third buyer very quickly and hassle free; however, this is usually at a knock-down price (typically between 10 and 25 per cent) of the full market value of the property.
The OFT launched the study in April this year following concerns about the risks to sellers in vulnerable situations, such as older people needing to move quickly due to declining health or those needing to clear debts and/or to avoid repossession…
If you are registered and logged in to the site, click on the link below to read the rest of the Goodman Derrick briefing. If not, please register or sign in with your details below.
News from Goodman Derrick
News from The Lawyer
Briefings from Goodman Derrick
Chancellor George Osborne delivered his Autumn Statement on 5 December 2013. While some of the policies had already been widely predicted, there were some surprises in the package announced.
Loneliness in the UK is a serious problem. Statistics from the Office for National Statistics show that one in 10 people aged 65 or over feel lonely often or always.
Analysis from The Lawyer
You don’t have to be a big firm to innovate and thrive in a downturn, as our look at the lower half of the UK 200 shows. We pick 10 inspiring stories
Our latest in-depth analysis of UK M&A legal bills reveals a good performance by smaller firms and success fees on the rise