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Nigel Parry
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In most cases the zero deposit schemes are a commission earner for the Agent. Why not? They earn commission for selling other 'insurance' products like contents insurance. It is interesting to note that the recent review white paper clearly highlighted this type of product and suggested that the next round of legislation would make it compulsory to offer this kind of product. Pressure selling isn't good. Giving it as an option that the landlord prefers as it gets more interest in the property is different. They are decent products with a place in the market. Agents, don't ruin it by forcing sales.
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From: Nigel Parry
05 December 2022 08:23 AM