Property Obudsman calls for property act ,50 % more lettings disputes , data also shows 25 % rise in online estateagents presence
The latest interim report released by The Property Ombudsman reveals more than half of the 9141 enquiries received related to lettings disputes, nearly double that of sales. This not only reinforces the importance of legislation introduced a year ago, making it a legal requirements for all letting agents in England to register with an approved redress scheme, but has left Christopher Hamer, Property Ombudsman, calling for a Property Agents Act. Key highlights from TPO's 2015 Interim Report reveal that: Registered agents (p6): 3641 additional sales and letting agents registered with TPO. A total of 34,944 agents registered with TPO across all jurisdictions – a 16% increase on the same period last year Consumer enquiries (p7): 9,141 consumers contacted TPO regarding a property dispute (an 8% increase on the same period last year). More than half of all the enquiries received were regarding lettings disputes with 5,303 enquiries logged (58%),...