National Association of Property Buyers: Launch of the OFT backed Initiative : RushPRNews - Newswire & Global Press Release Distribution

 
Bookmark and Share

National Association of Property Buyers: Launch of the OFT backed Initiative

June 5, 2014

National Association of Property Buyers: Launch of the OFT backed Initiative

Essex (rushPRnews) 06/05/14 — The Property Ombudsman Collaborates with Leading Property Companies to Launch the National Association of Property Buyers

Due to a study conducted by the Office of Fair Trading (OFT), The Property Ombudsman in collaboration with leading Property Purchasing Companies have this month launched The National Association of Property Buyers (NAPB).

The study, which was conducted in 2013, noted that although there were many positive aspects within the ‘Quick House Sale’ sector, it highlighted a number of concerns that needed addressing – suggesting that it should adopt a form of self-regulation.[1]

It was therefore decided that eight leading property companies, including the likes of Property Rescue, a property purchases company, form a trade body to deal with issues outlined in the report.

Any property buyers wishing to join the NAPB must also register with TPO and follow a new Code of Practice to ensure that:


 

[1] http://www.oft.gov.uk/shared_oft/market-studies/oft1499.pdf

 

  • Any and all NAPB members follow the same professional standards outlined in the TPO’s brand new Code of Practice,
  • All homeowners are treated fairly and are in a position to make informed decisions about how to sell their home
  • Consumers using a NAPB agent can access the TPO’s free dispute resolution service when the need arises

 

Jonathan Rolande, one of the NAPB’s founding members said that:

“The NAPB is the first and only trade association of its kind representing this market sector. Property buying companies have existed for decades but they are still relatively unknown in the eyes of consumers, compared to the fields of estate agency and lettings.

“Our aim with NAPB is to raise standards and educate so homeowners know what to expect when considering a quick property sale.”

Christopher Hamer, The Property Ombudsman said:

“The OFT’s Market Study provided a real insight into the sales practices of property buying companies. It is a credit to those firms that have set up the NAPB that they have taken action to address the findings and worked with TPO to create a new Code of Practice and facility for consumers to access a free, independent dispute resolution service.

“Having met with the OFT on several occasions to discuss the standards and safeguards included in the new Code of Practice, the NAPB’s decision to make it compulsory for all members to register with TPO is a testament to their commitment to self-regulate and offer consumers accountability.”

Media Contact Name: Gemma Stacey
Media Phone: 07415 684548
Media Web Address: www.tpos.co.uk
Company Contact Name: Gemma Stacey
Company Phone: 07415 684548
Company Web Address: www.tpos.co.uk
Click here to see all news from this author/company

Filed Under: BREAKING NEWS, BUSINESS NEWS, PRESS RELEASE

RUSH PR NEWS newswire and press release services at rushprnews.com / AH Marketing ahmarketinggroup.com

Content- Legal Responsibility - All material is copyrighted - You may repost but you MUST link back to the original post on your page and acknowledge Rush PR News as the news source. Rush PR News is not legally and/or morally responsible for content of press releases, opinions expressed or fact-checking.

Rush PR News cannot be held legally responsible for material published and distributed through its newswire service or published in its press-room and therefore cannot be sued for published material. Third-party must be contacted directly to dispute content.

Rush PR News is not the contact for material published.

RSSFeed PRESS & SOCIAL MEDIA RELEASES

FlipBelt Launches Hydration Belt for Runners and Fitness Enthusiasts

DENVER, CO 06/22/16 · FlipBelt announces new version of its wildly popular...

Kickstarter Fun: Wu & Y: Combines Art & Activewear

Brooklyn, NY 06/16/16 · Artistic Activewear Brand Raises 20K on the First...

Nursing Schools Struggle to Keep Up With Demand for Nurses

Peoria, Illinois 06/15/16 · Recent studies carried out by the Georgetown Center...

20 Dollars Discount On All PR Distribution Packages Now

San Francisco 06/14/16 · Time to share the joy again! We just...

A Look Back at RPRNmag Newsmagazine Crowdfunding Stories

San Francisco 06/09/16 · CROWDFUNDING A Look Back at Crowdfunding Campaigns: From Wood...

RPRNmag Newsmagazine Top Stories in May: Robotics & Education

San Francisco 06/07/16 · Recap Stories for the Month of MayLooking back...

Top 5 Must-Have Technologies for Startup Businesses

San Francisco 06/07/16 · Find the Secret to Making Your Small Business...

Ultraseal explains the transformation of casting impregnation at conference in Mexico

QuerĂ©taro, Mexico 06/07/16 · The transformation of casting impregnation into a two-stage,...

Diligence International Knows Latin America

Carrollton, TX 06/03/16 · As global investigators, Diligence International Group, LLC (www.digroup-us.com)...

Losode Makes The Second Round at Voom2016

LONDON, UNITED KINGDOM 06/01/16 · Losode set to disrupt the global fashion industry...

$20 Off PR Events Coupon. Publish Your Press Release Today

San Francisco 05/31/16 · RushPRNews' motto is PR Made Easy, and we are...

High-Tech Bridge Uncovers Large Number Of Fraudulent Cybersecurity Company Domains

San Francisco, CA and Geneva Switzerland 05/27/16 · Research into the proliferation of fraudulent domains affecting...

Compliance Map tracks Country of Origin in complex supply chains

Oxfordshire, UK 05/26/16 ·  The Compliance Map, a developer of environmental compliance...