News & Blog

Local Authorities can now levy – and keep - £30,000 for enforcing property licensing(Posted On: 09/05/2017)

Local Authorities can now levy – and keep - £30,000 for enforcing property licensing

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Tenant Fee Ban Survey - 87% of Letting Agents believe rents will rise after fee ban (Posted On: 29/03/2017)

Our most recent survey consulted letting agents on the potential effects of the proposed ban on agency fees. This ban is set to apply to any fees an agent charges to the tenant, typically for administration costs, referencing and background checks.

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CMP to be Mandatory of all Lettings and Property Management Agents(Posted On: 29/03/2017)

The working group investigating the demand for mandatory client money protection (CMP) has put forward their official recommendations to the Government strongly suggesting the introduction of compulsory CMP.

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Scottish Agents - Are you ready for registration?(Posted On: 14/03/2017)

The Scottish Government, in conjunction with the Scottish Association of Landlords Council of Letting Agents, is holding a series of awareness raising events aimed at letting agents that will help you to get your business ready for registration.

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Our statement on recent media publicity surrounding redress schemes(Posted On: 10/03/2017)

Mandatory membership of a redress scheme came into force on 1 October 2014 requiring that letting agents and property managers join one of three Government-approved redress schemes. The Property Redress Scheme (PRS) joined the Ombudsman Service: Property and The Property Ombudsman in being authorised by the Government to ensure compliance with this regulation.

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Cyber-crime and letting agents: Is your business as secure as your property?(Posted On: 28/02/2017)

Though a mention of ‘security’ usually calls locks and alarms to letting agents’ minds, it is computers which demand their attention as a wave of online cyber-criminals target the property industry. A majority of letting agents are self-employed, run their own small company and may own and rent out properties as a supplementary income.

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ADR Regulations Statistics Release(Posted On: 27/02/2017)

The PRS ADR Regulations Statistics for 2015-16 have been released ahead of the PRS Annual Report.

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Propertymark: Are we finally breaking the code? - A view from Sean Hooker (Posted On: 22/02/2017)

Property Redress Scheme's Head of Redress, Sean Hooker, tackles the issue of widespread property industry acronyms. From DPS to NFOPP, Hooker argues the case for a return to simplistic brand names as seen by ARLA and the NAEA's recent rebrand as Propertymark.

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10th Feb Deadline To Respond to Landlord and Letting Agent Banning Order Consultation (Posted On: 31/01/2017)

The Government is currently undertaking a consultation on the offences that either a landlord or letting agent has committed that could result in the First Tier Tribunal issuing a banning order.

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Rumble with the Agents (Posted On: 26/01/2017)

Rumble with the Agents is returning. It’s been 3 years since PRS Advisory Council member, Paul Shamplina, founded the biggest white collar boxing event in the property industry. Now a firm date in every local property professional’s calendar - this year promises to be the best yet.

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News & Blog

Membership to Property Redress Scheme grows 33% in 2016

The Property Redress Scheme (PRS) 2016 Annual Report has now been released. The report shows a 33% ...

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Letting Agents – Have your say (and a chance to win a £50 Amazon voucher)

Take part in the Fixflo annual survey for your chance to win a £50 Amazon voucher

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Property Redress Scheme is approved by Government under the Alternative Dispute Resolution for Consumer Disputes (Competent Authorities and Information) Regulations 2015