SELL YOUR HOME QUICKLYWarning: Beware of greedy landlords and rental agents
The effects of the credit crunch have forced thousands of homeowners to resort to private property sales to get out of bad debt and settle mortgage payment arrears. Maybe you’re one of the homeowners who simply have no choice but to use the money you’ll receive for the sale of your home to pay off bills, make payments on overdrawn credit cards and maybe even put a bit aside for a rainy day.
While this solves short-term problems like debt and payment arrears, it also means that you stand in danger of being exploited by greedy agents and landlords cashing in on the soaring demand for housing in the rental sector.
According to The Association of Residential Letting Agents’ Head of Operations, Ian Potter, there is a real threat that landlords may try to cut corners and not comply with legislation covering the safety and protection of tenancy deposits. According to Potter, the association is also worried that there could be an upsurge in rogue letting agencies opening for business, who aren’t members of professional bodies. This could mean that tenants end up handing over their deposits to agencies that don’t have the right qualifications or any way of providing them with protection on their money.
Don’t fall into the trap of unscrupulous landlords or rental agents. Contact MPG today and find out about our Sell and Rent Back solution, which enables you to sell your house for cash to MPG in only 7 days, and then continue staying in it at an affordable rental rate for up to 3 years!
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