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Gateway Homes reach agreement with OFT


Jeremy Barnett, instructed by Michael McDonnell and Emily Slater of Cohen Cramer has been acting for Gateway Homes in respect of an Office of Fair Trading investigation into four Quick House Sale Companies. All four companies including Gateway Homes have now agreed to improve their business practices and given undertakings which include;

  • ensuring marketing materials clearly, accurately and prominently set out key information and risks relating to the sales process
  • conducting valuations in a fair and professional manner, and in good faith
  • promptly sharing with consumers relevant information about the progress of the sale, including anything that might affect the final offer price or completion date
  • promising not to reduce conditional or final offer prices without a valid reason

The invesigation into the market sector followed a report on the quick house sales market. For further information go to the Office of Fair Trading Website by clicking here.

For any advice and assistance for issues like these please do call Jeremy on 0844 2722322 or submit a comment below. Jeremy will come back to you at the earliest convenience.

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