This is an issue caused by mortgage lenders who have become twitchy following the Grenfell Enquiry. This situation has resulted in house sellers/ home owners who simply cannot sell their properties who are then being exploited by developers who are offering to buy the properties at lower than the market value. This situation has occurred because prospective buyers are being refused mortgages to buy these properties and home owners are being forced to sell to these property developers who will be a last resort for most people. Otherwise their properties are being made worthless because they simply cannot sell them on at all. I have contacted many councillors and politicians about the issue and none are interested in taking up the issue at all.
Continue reading Property developers exploiting house sellers abandoned by lenders refusing mortgages