Tag: OFT

OFT to check out competition among estate agents

OFT to check out competition among estate agents

Estate agents that have so far survived the housing market downturn can look forward to a review of the market by the Office of Fair Trading (OFT), in 2009. The watchdog has promised to take a comprehensive look at the sector and will be involving both consumer groups and industry bodies. In a similar study [...]

December 8, 2008 | 0 Comments More
Housebuilders to work on redress scheme

Housebuilders to work on redress scheme

Housebuilders are to set up new schemes to protect consumers following a report from the Office of Fair Trading (OFT) which has recently completed a study of the market. While the OFT found that the sector was broadly competitive, it concluded that a code of conduct and a redress scheme are needed for customers who [...]

September 25, 2008 | 0 Comments More
Estate agency ombudsman approved by Office of Fair Trading

Estate agency ombudsman approved by Office of Fair Trading

The Office of Fair Trading (OFT) has given the Ombudsman for Estate Agents Company Limited (OEA) approval for its estate agents’ redress scheme. The move follows the passing of the Consumer Estate Agents and Redress Act 2007, which will take effect from 1st October, when all estate agents have to be members of an approved [...]

June 23, 2008 | 0 Comments More
Decision is made on unfair bank charges

Decision is made on unfair bank charges

A decision has been made on the case between the Office of Fair Trading (OFT) and the eight major High Street banks over unfair bank charges. Mr Justice Andrew Smith decided that OFT can rule on the fairness of the charges, which many customers have been trying to reclaim. The judgment by Mr Justice Andrew [...]

April 25, 2008 | 0 Comments More