I Want to Buy Your Property for Cash ; Internet Firms Deny They Are Taking Advantage of Those Who Are Desperate to Sell Their Homes

Mail on SundayJune 19, 2006

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Summary


The websites promise immediate valuations, speedy payments and super-keen prices. To anyone struggling to sell their home, it seems like the answer to all of their problems.

Instead it could turn out to be just the start of a nightmare. Many of the dozens of companies cashing in on internet house buying are preying on those who are desperate to sell their properties often because they face repossession orders and are illinformed about the real value.

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I Want to Buy Your Property for Cash ; Internet Firms Deny They Are Taking Advantage of Those Who Are Desperate to Sell Their Homes

There have been stories in the industry that those who risk having their houses reclaimed by lenders are offered as little as 70 per cent of the market value.

But t...

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