Shock rise in compensation paid by letting agents last year

Shock rise in compensation paid by letting agents last year


Todays other news
Average UK monthly private rents increased by 7.7% in the...
Inflation slowed to 2.6% in the year to March says...
Renters’ budgets remain strong while rent levels are holding firm...
The claim comes from a company called COHO...
The trade body has its say on government welfare changes...


The Property Ombudsman received a record number of enquiries with 57,635 people seeking support with their property and housing related issues in 2023.

A 240% rise since 2013 highlights the growing demand for the service and new customer service channels including 24/7 webchat and an online self-service tool, claims TPO.

A total of £1.52m was awarded in compensation across lettings and sales and 83% of accepted cases were found in favour of the consumer.

Within private lettings, there was a high level of enquiries and disputes relating to repairs and maintenance with 62% of lettings enquiries coming from tenants rather than landlords. A total of £626,383 was awarded in lettings cases. This represents a 175% increase since 2013.

The 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.

“The 99 per cent compliance with our decisions shows the industry wants to deliver high-quality service and offer redress where they fall short.”

Consumers are increasingly demanding justice and becoming aware of the options available to them when unable to resolve a dispute with a property business. The consumer enquiry function is an important support for those who may struggle otherwise to access help for their property and housing related issues with multiple redress schemes serving both new, public and private properties.

The Property Ombudsman scheme is the largest approved redress scheme for the private property sector with 37,397 members operating from 19,359 offices and branches across the UK. It is also the only approved Ombudsman working in the private rented sector.

You can see TPO’s new annual report here: https://www.tpos.co.uk/news-media-and-press-releases/reports

Share this article ...

Join the conversation: Login and have your say

Want to comment on this story? Our focus is on providing a platform for you to share your insights and views and we welcome contributions. All comments are screened using specialist software and may be reviewed by our editorial team before publication. Letting Agent Today reserves the right to edit, withhold or delete comments that violate our guidelines, including those that harass, degrade, or intimidate others. Users who post such content may be banned from commenting.
By commenting, you agree to our Commenting Terms of Use.
3 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
Recommended for you
Related Articles
There was a massive 20% rise in 2024 in complaint...
The scheme is celebrating 10 years in business and 20,000...
Rightmove has teamed up with the National Trading Standards Estate...
A PR exercise has discovered that 89 per cent of...
The BoE has come to a decision on interest rates...
The removal of temporary rent controls may make buy-to-let more...
The Welsh Government is backing the call for a 'compensation'...
Recommended for you
Latest Features
Average UK monthly private rents increased by 7.7% in the...
Inflation slowed to 2.6% in the year to March says...
Renters’ budgets remain strong while rent levels are holding firm...
Sponsored Content
With less than a month to go until the UK...
The UK government has implemented 16 financial sanctions rule changes...
The owners of the Rentman software application (for property Lettings...

Send to a friend

In order to send this article to a friend you must first login. Click on the button below to login or sign up.

No one likes pop-ups ...
But while you're here