Hi, I just wanted to make everyone aware of some unethical practices that I've experienced with London & Quadrant (L&Q) property management company, to avoid other people being conned.
We attempted to rent a flat from them via an estate agency recently. We put in an offer which was £50 per month below the asking price, which we were told was accepted by L&Q. We then began the referencing process and provided the relevant documentation. With just over two weeks before we were due to move in, we were then told that L&Q had accepted a higher offer on the flat and that we would not be able to rent it after all. A few hours later, we were then told that if we increased our offer by £25 per month, that we could still have the flat after all.
Considering we had just over two weeks to go, my initial thought was to just pay it even though it was more than we wanted to pay. However, I couldn't get over how unethical this was and so declined. I have since learnt from the estate agent that there was no higher offer, and that L&Q were just trying to get more money out of us.
Apologies if this post is considered off topic or doesn't belong here, but it just seems like this was a common practice for this company and I don't want others being effectively conned into paying more than they can afford to rent a place from this company.