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Response to Best price

from Kaveh Damestani (kdamestani@staveley.co.uk)
As far as I am aware, lenders should attempt to seek the best price for properties under the Mortgage Code of Practice. Sometimes however this is not the case and lenders tend to put their interests above those of their customers and sell the properties off for a lower cost to get a "quick sale" and then chase the greater shortfall.

I am in disupte with the Halifax at present for underselling a property for quick sale and am awaiting a decision from the Ombudsman.

Try and obtain proof if the lender has sold your property at a loss

(posted 7857 days ago)

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