Should I sell or risk tenants buying at undervalue price?9:08 AM, 25th September 2019
About 3 weeks ago 48
The dreaded MEX review has led to ruin for many, so it is wise to avoid triggering one.
I would like to know if any reader has had a review started within a short time of advertising a property for sale on Rightmove or Zoopla, etc?
Rightmove run a ‘snitching’ service, called ‘Mover Alerts’ which notifies lenders as soon as a property is advertised.
Does any one know if MEX/UKAR subscribe to ‘Mover Alerts’? If you got a review soon after advertising a property or were contacted by MEx after they ‘found out’ you were selling, please respond to this thread.
Likewise, if you have had property listings on Rightmove for months without hearing anything from MEx please respond here.
I worry that the LPA receiver / MEx pact will see their last chance to take the property and charge huge fees and will step in to prevent a sale so they can squeeze a bigger cut. Am I right to worry?
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