Ixnaye
New Member
- Joined
- May 10, 2012
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Someone linked him to Oasis finance the other day. He is the director. They stated it might be illegal for an Estate agent to also supply finance to buyers. I'm not sure about that. Sure it happens in car yards, they live off the finance commissions, however I've never heard of it with estate agents. We've bought 2 properties and never been approached by estate agent for finance. Has ANYONE HERE?
Even if it's not illegal, it's still as risky as hell. Imagine all those high priced loans, the RE bubble bursting? People unable to make repayments on high loans and defaulting on mortgages because of high interest rates? Then GBC would have had to pay the banks back....with what? It's still a theory of mine hes chucked a Bernie Madoff.
Oasis Finance is a pretty generic name, maybe it is nothing to do with them.