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Office of Fair Trading warning over 'quick house sales'

18 April 2013 Last updated at 15:52 BST

Consumers who want to sell their houses via so-called "quick sale" companies are in danger of being misled, according to the Office of Fair Trading (OFT).

Quick house sale providers offer to buy houses in as little as seven days, but at a discount to the full market value.

The OFT is warning that homeowners may receive much less for their property than it is worth.

Simon Gompertz reports.