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This month, Sean addresses low opinions of using a letting agent by sharing his most important factors when choosing a good letting agent to work with.Read More »
The government has established a working group within the House of Lords to look at how CMP is currently operating and whether to go further by making use of the powers taken through the Housing and Planning Act 2016 to make it mandatory.Read More »
As the Property Redress Scheme has been operating for two years we have taken the opportunity to review and revise our Terms of Reference. The PRS Terms of Reference 2nd Edition will be in operation from 1st October 2016.Read More »
Paul Shamplina, the renowned buy-to-let expert, is joining forces with industry specialist Hamilton Fraser.Read More »
Less than two years after the Property Redress Scheme (PRS) started, it is now celebrating signing up its 5,000th member. The government authorised scheme was the newest of three available consumer redress schemes for the property market and has gone from strength to strength since it launched in the summer of 2014.Read More »
Estate agents who deliberately mislead potential homebuyers through the practice known as ‘portal juggling’ are being warned that they could be prosecuted and face a ban from working in the industry. The warning comes from the National Trading Standards Estate Agency Team (NTSEAT), which has confirmed that the practice is in breach of trading regulations and – in some cases – can be fraudulent.Read More »
An order banning a Brentwood man from estate agency work has taken effect after successful legal action by the National Trading Standards Estate Agency Team (NTSEAT). Sean Boggans was given a prohibition order under Section 3 of the Estate Agents Act 1979 after he was convicted of manslaughter in September 2013.Read More »
In order to meet the demand, the large student accommodation providers are rushing to build purpose designed student residences, often in huge city centre high rise developments, but the shared house owned and run by a private landlord is still the norm in the industry.Read More »
A letting agent in Barnet has been jailed for four and a half years after he admitted five counts of fraud at Harrow Crown Court. This concludes a four-year investigation by Barnet Council Trading Standards. Letting Agent Martin Marcus had defrauded landlords and tenants of a total of £200,000 in rents and deposits and worked under a number of aliases and company names over the years.Read More »
Letting property is a risky business and ending up with a bad tenant can be a real nightmare leading to not just a loss in monetary terms but in hassle, stress and time. Protecting the interests of your landlord is a primary obligation for an agent and ensuring that you undertake robust due diligence when letting property is essential.Read More »
Our quarterly expulsions update offers some insight into what leads up to the PRS’s decision to exp...Read More »
New material information guidance for sales and letting agents was published on Thursday 30 Novembe...Read More »
Property Redress Scheme is approved by Government under the Alternative Dispute Resolution for Consumer Disputes (Competent Authorities and Information) Regulations 2015