Online estate agency HouseSimple is launching a new “No Sale-No Fee” option for vendors. The company will accept bids from vendors who have already sold their items on the site and are willing to sell them at no cost in exchange for an “equity investment” of up to $@@ However, there are strings attached: the £795 +VAT fee jumps to £895 +VAT if vendors decline to use one or the other of the firm’s recommended mortgage provider and conveyancer, and £995 +VAT is payable if vendors choose not to use either of the recommended parties.
Online estate agency HouseSimple is launching a new “No Sale-No Fee” option for vendors. In a move towards aligning their online business model with more traditional high street practices, HouseSimple will replace their Pay-as-you-Go fee option with a new fee of £795 +VAT, which will be offered alongside their existing £395 +VAT fixed fee option payable on completion of the sale or after twelve months. However, there are strings attached: the £795 +VAT fee jumps to £895 +VAT if vendors decline to use one or the other of the firm’s recommended mortgage provider and conveyancer, and £995 +VAT is payable if vendors choose not to use either of the recommended parties.