Quoted a valuation price then increased it
Our bank required a valuation of our business and arranged quotes from 5 different valuers. We chose Pinders because they were the cheapest at around £2350. Our bank had provided information about our business to the 5 valuers to enable them to quote. After requesting various bits of further information Pinders informed us 5 days before the agreed appointment date that they wanted to increase their fee for the valuation to £3500. On complaining to the bank about this they said they had no control over the actions of the valuers even though they had engaged them. A classic case of bait and "stitchup" by Pinders. Totally dishonest and unethical. Unsurprisingly we told them to not bother coming. Could I suggest that they actually review the information given to them before they submit a low-ball quote and waste everybody's time.