Tuesday, December 12, 2006

From "the innocent have nothing to fear" files - mortgage brokers selling financial information on buyers to estate agents

Unless you've been living on Mars recently, you'll have heard of the RTÉ Prime Time exposé of dodgy dealings in the property market. Amongst other things, that program revealed that estate agents are (illegally) buying information from mortgage brokers about prospective purchasers: how much they have to spend, how much they've received in mortgage approval, how much they might have from other sources (such as parental gifts). Unsurprisingly, they are using this to extract every last penny from purchasers.

Hopefully we'll remember this the next time somebody tries to tell us that if you've done nothing wrong, you've nothing to fear.

1 comment:

  1. Like the site. I have put a link onto my own at http://timkevan.blogspot.com. Any chance of a link back? Best wishes, Tim Kevan

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