Property Ombudsman handles record enquiries, pays out £1.5m    – Mortgage Strategy

  • 28
Property Ombudsman handles record enquiries, pays out £1.5m    – Mortgage Strategy Property Ombudsman handles record enquiries, pays out £1.5m    – Mortgage Strategy
Font size:

The Property Ombudsman received a record number of enquiries with 57,635 people settling housing disputes through its service last year.  

The government-approved scheme, founded in 1990, resolves disputes between consumers and property agents.  

It awarded £1.52m to consumers with 83% of accepted cases finding in favour of buyers or renters involved in a range of property activities, including private lets, house sales, auctions and leaseholds.  

It adds that the service “has grown from its estate agent roots to provide redress for lettings, residential leasehold management and a wide range of property professions”.   

The body says that with its private lettings cases, there was “a high level of enquiries and disputes relating to repairs and maintenance with 62% of lettings enquiries coming from tenants”. It awarded over £626,000 to lettings cases.  

Property Ombudsman Rebecca Marsh says: “We offer much more than dispute resolution, our expert teams provide guidance to resolve consumer issues before they escalate to complaints, saving consumers and businesses time and money.  

“We also work with businesses to drive best practice through our codes of practice which have become the gold standard for the industry.”  

Disclaimer: This story is auto-aggregated by a computer program and has not been created or edited by theamericangenie.
Publisher: Source link

Prev Post Voya 401k – A review
Next Post Life Insurance with Kidney Problems (How to Get Coverage)
Related Posts
Driving without due care and attention explained

Driving without due care and attention explained

Average five-year fix falls below 5% for first time since May: Rightmove – Mortgage Strategy

Average five-year fix falls below 5% for first time since May: Rightmove – Mortgage Strategy