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Are "Property finders" a scam?

I contacted a listing to inquire about renting a flat and was contacted back by a company saying they are "Property Finders". Here is a portion of the message: ----- We are property finders and we charge a fee for our services. Our properties are competitively priced because we offer landlords a free service and in return they keep the rents low for us. And although you pay a fee you will save a lot more in your rent during the course of your tenancy. Our joining fees are: £79 for one person and £99 for two people sharing a bedroom or studio (please call for fees for larger groups or larger properties) . Once you join the agency we can make unlimited appointments for you to view our properties. We offer a full appointment making services for three months and you can see as many properties as you wish during this period. --- Is this a scam?

Asked on Sep 21 2016, Renting in London | Report content

Answers (3)

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  • I think anything in this life that sounds too good to be true then it probably is. I have worked in this industry for over 15 years and I have never seen anyone offer rental property so cheap, unless it is in a poor area. I presume the area they are offering is London?

    Answered on Sep 22 2016, Report content
  • There are many "property finders" but these are companies who do not market properties but instead work only for the buyer and charge the buyer (or renter) a fee. Completely above board. However, it sounds like this company is not a property finder at all but is marketing rental properties and charging the tenant a fee. This is not legal.

    Answered on Sep 24 2016, Report content
  • Hi Alice, I can’t say for sure whether it is a scam or not but I would avoid it.

    Answered on Oct 4 2016, Report content

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