Avoid this company. Profits ahead of anything else.
First became aware of Hat and Home with a property my partner and I were keen on. After being messed around with bidding wars, I raised this issue on the phone with the representative, to which I was told "No, we don't engage with any of that, it wastes time for everyone involved and just drives cost - for us it's a first and final offer, always" which was reassuring to hear. A few days later, I left some details with the agent, including my maximum budget, which I *strictly* said could not go above £450,000.
With my information in the system, the representative rattled off about 4 or 5 properties, none of them below £520,000. I let him carry on in the hopes there'd be one in budget, but no. I understand it's common to push people a touch beyond, but the market is crazy at the moment - they'll still those houses, even if it's not through me. They don't gain anything by trying to get me personally to buy them when I've already told them I can't, and they'll still make the same margins from the true buyer, whoever that is.
Then come the email listings over the next few weeks. £500k. £520k. £515k. At a minimum £50k above my maximum budget, a minimum 12% above my maximum budget.
I respond to an email and remind them of my maximum budget, and asked if my profile could be updated to reflect this. I received zero response, and weirdly, no more emails with new listings. Keen to progress with an agent that didn't want bidding wars, I asked for an update a week later, and got told "We'll update your profile." I called up to ask what my profile was set to, and I was told that I wasn't on any mailing list. Hat & Home's solution to me asking to be sent houses that were in budget, was to simply remove me from their potential customer list. I complained, told them that's not appropriate, and asked to be put back on it.
Another two weeks pass, and all I'm getting (again) are properties, minimum, 12% over my maximum budget. I call up AGAIN to ask why on earth I'm receiving properties beyond my budget when I listed my maximum budget on the first conversation, by email three times, and again once by phone. I was told the stupidest response I've ever heard from a business:
"So because the houses sold for less than asking price during covid, the system sends properties that are a bit higher, so what I'll do is reduce you to £400,000 and that'll get you properties that maximum value at £450,000."
Multiple issues with this; I was searching for homes during covid, homes were going significantly above asking price during this period, so that reason is nonsense. Secondly, your useless system is not my responsibility, buy a system that works, or at least get it updated as you've strongly suggested you haven't updated it in over two years to reflect current markets. And thirdly, most importantly, if Hat & Home are under the impression that I can put an offer for £450,000 on a property valued at £530,000 (which they have sent me) and have that offer accepted, then they truly are incompetent within the home selling business. Absolutely bonkers.
Raised this again, said it's completely out of hand and ridiculous, so asked them to remove my data as per GDPR. I didn't want anything to do with this company. I was offered a final lifeline: "The email system clearly doesn't work in your case, and I see that, so we'll put you on a private list and send bespoke recommendations out to you."
Much better. Problem is, it was over two weeks since I got any sort of recommendation, and event then, it's still £35k (8%) over budget.
This company is incompetent. I've got all the emails and call logs to back up these claims, so I'm curious to see what they come back with. Some of the people are lovely on the phone, but frankly, their business practices are an example of complete ineptitude.
Avoid this company.
April 27, 2024
Unprompted review