The Office of Fair Trading (OFT) have started investigations into three quick house sale companies they believe to have acted illegally.The sector has been accused by many of taking advantage of vulnerable sellers. Partaking in unscrupulous practices that have prized properties from desperate owners at discounted prices of up to 53 percent.
The OFT have resisted calling for statutory regulation of the sector but are pushing for greater self regulation in the sector.
Download the OFT report on Quick Sale Industry here
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