29 Jul 2025
More than half of buyers pressured to use estate agents' brokers
A recent study by Boon Brokers, where 1,000 people who had used an estate agent over the last year were surveyed, showed that a whopping 52% said they were pressured into using the estate agents’ in-house mortgage broker. Astonishingly, 18% of those people said they were told that only if they used their in-house broker would their offer be considered.
This research follows on from the BBC Panorama: Undercover Estate Agent, which exposed two major estate agencies of breaking industry codes of conduct by pressuring buyers to use their own brokers.
Almost all of those surveyed (96%) said they felt stricter regulations for estate agents were needed, with 85% unaware that estate agents are not formally regulated unlike mortgage brokers.
60% felt that everyone should have fair access to view a property, irrespective of the mortgage broker they use.
Just to reiterate, those looking to purchase a property should not be made to feel as though they have to use their estate agents’ in-house mortgage broker. Buyers are entitled to choose which broker they want to use. Our advice would be to do your research, check out reviews and recommendations, and ask lots of questions.
Recent posts
According to Nationwide Building Society’s latest House Price Index, house prices dropped 0.6% month on month in May – the first monthly decline this year.
Best UK Mortgage Rates this Week
5 days ago
Here are the lowest fixed mortgage rates of the week, available to first-time buyers, home movers, buy-to-let, and those remortgaging.
Call us for more information: 01628 507477 or email: team@mortgagerequired.com.
Most Affordable UK Spots for First-Time Buyers
14 days ago
Research from Lloyds identifies the most affordable areas in the UK for first-time buyers to be able to get onto the property ladder.
On Wednesday, 13th May, King Charles delivered his speech at the House of Lords, outlining the government’s plans for the upcoming year.
Here is a summary of the housing and energy/environment points.
From 18th May 2026, Halifax (part of Lloyds Banking Group) is launching a ‘£5k Deposit mortgage’ to help first-time buyers get onto the property ladder sooner.
Homeowners could be faced with paying over £3,000 more per year on their mortgage if the conflict in the Middle East continues, following new analysis from INTEREST from Moneyfacts.
Renters' Rights Act
28 Apr 2026
The Renter’s Rights Bill became law at the end of October, which means it has been signed off by the King, and it is now the Renters’ Rights Act. Despite this becoming law, these changes are likely to start changing within the next six months, with the aim of being fully implemented throughout 2026 and into 2027.
Green Mortgages | Rewards and Benefits
28 Apr 2026
Mortgage lenders are starting to recognise their “Green” responsibilities when it comes to the different products they offer.
More information
Trusted by
