Quote ="Lord God Jose Mourinho"It's an estate agent touting for business. If someone with your thinking power suddenly decides that property investment is a good idea because they got a glossy card getting dismissed by the estate agent after a 2 minute screening chat will persuade them otherwise.
It's not a serious issue at all. You haven't found enough to whine about in your trawl of the DM website so now you're whining about this.'"
It is serious. Indeed I question whether it is close to investment promotion (which is highly regulated). They go as far to quote current rental yields of up to 6% and say they can advise where to buy. Given that they are local - can that be good advice? In areas of London (half an hour away) you can get significantly higher yields with, I believe, less capital outlay. Will they be adviising on those properties - I think not? If not, why is this legitimate "touting for business" whereas if say an IFA advises to invest in poor financial products they are sanctioned and have to be qualified / highly regulated in the first place. It seems to me there is a huge loop-hole in the law here?
