Statement from Tim Frome on behalf of Property Redress Scheme

Statement from Tim Frome on behalf of Property Redress Scheme

11:07 AM, 25th January 2019, About 5 years ago 17

Text Size

Dear Property118 members

The government have announced that landlord redress will be mandatory in the future and they will be authorising schemes to cover landlords. They are setting up a Redress Reform Working Group to look at the practicalities of implementation and we at the Property Redress Scheme will be members of this group. Once we have more information about the remit and process for authorisation for landlord redress we will make a decision on applying.

The Property Redress Scheme was set up in the summer of 2014 after obtaining authorisation from the government and National Trading Standards Estate Agency Team (NTSEAT) to allow property agents to comply with their legal requirement to join a consumer redress scheme. We now have just under 10,000 branches registered and dealt with over 1,000 complaints in 2018.

When we set up the scheme we also allowed property professionals including landlords to join voluntarily to offer the same redress service as property agents to their customers. I  just need to clarify that for property professionals this is not the same as being legally required to join or complying with a legal requirement to join an authorised redress scheme.

We set up a discount code of Landlord50 back in early 2017 to test interest in landlords joining voluntarily. I understand that this code was sent to all property118 members so as a gesture of goodwill we have decided to reactivate it for one week and it will be live until 5pm on 1st February 2019.

The scheme is currently only designed for those based in the UK and our system does not accept non-UK addresses. This is something we will be looking at as part of any authorisation process for offering mandatory landlord redress.

I thank Mark for contacting us and asking me to clarify our current position with landlord redress. I will also be keeping him informed of any developments.

Kind regards

Tim Frome

Property Redress Scheme

https://www.theprs.co.uk/PropertyAgent/JoinNow


Share This Article


Comments

Laura Delow

8:03 AM, 26th January 2019, About 5 years ago

I think I'm being really thick so please bear with me.
i) am I right that no firm date has been set for the introduction of the new rules?
ii) and clarification is still being sought on what the situation will be for landlords who use letting agents i.e. agents already have to be a member of a redress scheme – so landlords using them would be paying twice.
iii) what is the one off/annual fee (before & after Landlord 50 discount code) for a Landlord? and does this vary per number of properties and/or whether Ltd or individual? (can't seem to find this info easily in the link provided)

Anthony Altman

7:58 AM, 27th January 2019, About 5 years ago

Another nail in the coffin it is clear this government wishes to exterminate private landlords and their families
we have already experienced what it is like to live under the jackboot of an increasingly tyrannical vindictive and unjust regime ,it is clear their intent is to ruthlessly pursue their
"final solution" to the landlord problem.
History repeats itself ,a minority is vilified and demonised on a almost daily basis to deflect attention from the incompetence and negligence of those in power ,echoes of the past another country another time !
It will be interesting to see if protection is extended to tenants of council and MOD housing ,a significant number who are forced to live in unacceptable conditions if we believe that will happen we are sadly delusional

steve p

20:17 PM, 27th January 2019, About 5 years ago

Mark,

Just for clarification so everyone can understand there is no alternative motive could you confirm if you or property118.com or any other companies owned by you have received any money from PRS?

Neil Patterson

21:49 PM, 27th January 2019, About 5 years ago

No Absolutely NOT there was No ulterior motive.
I am the MD of Property118.

Rob Crawford

13:13 PM, 30th January 2019, About 5 years ago

Reply to the comment left by Sue Twyford at 25/01/2019 - 12:44
Hi Sue, apparently yes. All Landlords will have to join a redress scheme, even if your agent is a member of their own scheme. Having been an agent and now just a mere landlords(!), I actually agree with this. A managing agent still needs the permission of their landlord on certain decisions. If the landlord does not agree to the agents advice and for instance, the property goes into disrepair, then why should the agent fall victim of their redress scheme? Especially as their costs will increase where cases are proven against them.

Rob Crawford

13:15 PM, 30th January 2019, About 5 years ago

What I would like to see is a membership fee that relates to the risk involved. Landlords with one property should not have to pay the same membership fee as landlords with large portfolios! Accreditation of a landlord association should also be taken into consideration.

Mark Alexander - Founder of Property118

14:33 PM, 30th January 2019, About 5 years ago

Reply to the comment left by steve p at 27/01/2019 - 20:17
I echo Neil Patterson's comment, neither I nor any companies or businesses I am connected to, either directly or indirectly, have any business relationship with the Property Redress Scheme, nor have we received any money from them.

Property118.com was created to facilitate the sharing of best practice in the UK Private Rented Sector. It was with those motives in mind that this and related articles were published.

Leave Comments

In order to post comments you will need to Sign In or Sign Up for a FREE Membership

or

Don't have an account? Sign Up

Landlord Tax Planning Book Now