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TPO launches two Codes of Practice for Scottish Sales and Letting Agents

Published on Tuesday, 24 February 2015. Posted in Press Releases

TPO launches two Codes of Practice for Scottish Sales and Letting Agents

The TPO scheme has launched two new versions of its Codes of Practice for Sales and Lettings Agents operating in Scotland.

The Codes are unique to TPO and have been raising standards in the property industry for 25 years as part of the scheme’s free, fair and impartial dispute resolution service, which helps more than 16,000[1] buyers, sellers, landlord and tenants with their disputes.

Thousands of tenants and landlords report disputes to TPO following new government legislation for lettings agents

Published on Monday, 23 February 2015. Posted in Press Releases

Thousands of tenants and landlords report disputes to TPO following new government legislation for lettings agents

Sixty-nine per cent of consumer complaints were supported by the TPO scheme, which recently gained approval from the TSI CCAS for its Lettings Code of Practice.

TPO, the UK’s largest government-approved redress scheme, has published its latest market statistics to highlight the number of landlords and tenants who have used its free, fair and independent service following new government legislation for letting agents.

PRS 360 Degrees Report

Published on Thursday, 05 February 2015. Posted in Press Releases

PRS 360 Degrees Report

TPO can confirm the publication of a new report, written by Kate Faulkner, with the backing of The Property Ombudsman (TPO) and the industry, which can be found here.

Christopher Hamer, the Ombudsman, provided his expert opinion and guidance on some of the topics covered in the report, having seen thousands of issues that many landlords and tenants experience when a dispute arises in the private rental sector.

TPO Receives Record Number of Complaints from Tenants & Landlords

Published on Wednesday, 01 October 2014. Posted in Press Releases

TPO Receives Record Number of Complaints from Tenants & Landlords

The Property Ombudsman (TPO) scheme has reported a sharp increase in the number of consumer complaints for the residential lettings sector, ahead of the requirement for all letting agents in England that comes into force this week (1st October 2014) for every letting agent to register with an approved redress scheme.

The figures, published in The Property Ombudsman's 2014 Interim Report reveal that 1,187 complaints were resolved in total about both sales and lettings issues between 1 January and 30 June 2014, with 721 complaints (61%) made against letting agents – a 37% increase on the same period last year.

The Ombudsman upheld 74% of the complaints made by landlords and tenants against letting agents.

TPO Supports New Cross-Industry Code for the Private Rental Sector

Published on Thursday, 11 September 2014. Posted in Press Releases

TPO Supports New Cross-Industry Code for the Private Rental Sector

The Property Ombudsman (TPO) scheme has expressed its support for a new 'best practice' Code for the Private Rented Sector (PRS) which was officially launched today by the Minister for Housing, Brandon Lewis.

The new PRS Code, which comes immediately into effect, was developed at the request of the Department for Communities and Local Government's (DCLG) in 2013. Facilitated by RICS, the drafting of the Code brought together TPO and sixteen other leading property organisations to collectively outline mandatory and recommended best practices for landlords and lettings agents in order to improve the stock of privately rented homes in the UK.

An Uninspected Inspection Pit

Published on Monday, 01 September 2014. Posted in Case Studies

Complaint

Following their purchase of the property, the buyers, Mr and Mrs B, raised a complaint with the Agent, pointing out that although the particulars detailed that the garage benefitted from a vehicle inspection pit, there was actually no such facility.

Property Being Sold (Misleading Actions)

Published on Monday, 01 September 2014. Posted in Case Studies

Complaint

During the initial viewing of the property, Mr and Mrs C informed the Agent that their reason for ending their current tenancy was because that property was on the housing market and they no longer wished to endure the inconvenience of prospective purchasers and viewings. They specifically asked the Agent if the property they were viewing was on the market for sale and were told by the Agent that it was not. Having entered into the tenancy Mr and Mrs C became aware that the property was, in fact, being advertised for sale. Mr and Mrs C complained that the Agent had failed to provide them with material information about the property and that, had they done so, they would not have entered into the tenancy.

Who Owns the Loft?

Published on Friday, 29 August 2014. Posted in Case Studies

Complaint

Shortly before exchange of contracts was due to occur, Mrs G, the buyer, raised a number of complaints against the Agent in relation to the sales particulars and the information verbally provided to her during viewings, both of which indicated that the loft space attached to the top floor flat formed part of the property and had the potential to be converted into a further living space, but which her solicitor had subsequently discovered was not necessarily the case. The Agent responded by stating that the property had been marketed on the basis of its potential and on the information provided and approved by the sellers.

TPO Backs Client Money Protection and Calls for More Landlords to Seek the Greatest Protection Rather than the Cheapest Fee When Choosing a Letting Agent

Published on Thursday, 07 August 2014. Posted in Press Releases

TPO Backs Client Money Protection and Calls for More Landlords to Seek the Greatest Protection Rather than the Cheapest Fee When Choosing a Letting Agent

Fresh calls for letting agents to offer Client Money Protection have been backed by the Property Ombudsman (TPO) scheme in the wake of several high-profile cases where landlords have lost thousands of pounds in rental income by dealing with an agent that did not have sufficient cover to protect consumers from rental fraud.

The Codes, which will be effective from 1st August 2014 and reflect the developments in industry practice and legislative changes affecting both consumers and agents.

TPO Launches New Property Codes of Practice for Sales and Lettings Agents - Codes Will Come into Force from 1st August 2014

Published on Tuesday, 15 July 2014. Posted in Press Releases

The Property Ombudsman (TPO) scheme will be issuing revised Codes of Practice for sales and lettings agents from next month to further improve standards in the industry and ensure consumers are treated fairly.

The Codes, which will be effective from 1st August 2014 and reflect the developments in industry practice and legislative changes affecting both consumers and agents.

Planning Permission 2 (Not a Misleading Omission)

Published on Wednesday, 09 July 2014. Posted in Case Studies

Complaint

Mr and Mrs B placed an acceptable offer on the property, which had not yet been completed by the property development company who was the seller. A number of months later it became apparent during the conveyancing that there was a planning issue which was likely to delay the transaction. The seller advised that the matter was in hand and would be resolved soon, however, Mr and Mrs B decided to withdraw from the transaction. They then
complained to the Agent asserting that they should have been made aware of the planning issue and sought compensation for their abortive fees.

LBW Lettings Is Expelled from the Property Ombudsman Scheme, following 'Serious' and 'Flagrant' Code Breaches & Its Failure to Pay Landlord Award

Published on Thursday, 29 May 2014. Posted in Press Releases

LBW Lettings Is Expelled from the Property Ombudsman Scheme, following 'Serious' and 'Flagrant' Code Breaches & Its Failure to Pay Landlord Award

The Property Ombudsman has expelled a Hampshire letting agent from its redress scheme following a landlord complaint.

Whytehead Property Management, which trades as LBW Lettings in Fleet, refused to pay an award made by Christopher Hamer, the Ombudsman, after he upheld a complaint concerning several issues, including the management of repairs to the landlord’s property and failing to reference a tenant.

The Property Ombudsman's Annual Report Reveals Record Levels of Complaints and Enquiries

Published on Thursday, 15 May 2014. Posted in Press Releases

New report reveals 23% increase in enquiries with lettings disputes representing 60% of consumer complaints.

The latest Annual Report from The Property Ombudsman, Christopher Hamer, reveals a substantial increase in the number of consumer enquiries and complaints against sales and lettings agents, with 16,000 enquiries received in 2013, a 23% increase on the previous year.

The Property Ombudsman launches Code of Practice for the newly-formed National Association of Property Buyers

Published on Wednesday, 14 May 2014. Posted in Press Releases

The Property Ombudsman launches Code of Practice for the newly-formed National Association of Property Buyers

New national trade association created to raise standards in the 'Quick House Sale Sector' following OFT Market Study.

Some of the UK's largest and best-known property buying companies have collaborated with the Property Ombudsman (TPO) to create a new Code of Practice1 to address the issues raised in the Office of Fair Trading's (OFT) market study into the 'Quick House Sale' sector2.