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02/07/2008

Extra Protection To Give Home Buyers A Better Deal

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The Government is introducing extra protection for people buying and selling homes.

Consumer Minister Gareth Thomas laid an order in Parliament requiring all residential estate agents to belong to a redress scheme by 1 October.

Mr Thomas said: "People who experience problems with an estate agent will soon have access to a free, easy to use ombudsman. The scheme will be transparent, independent and fair. It will speedily resolve complaints and will have the power to award compensation.
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"Buying or selling your home is a life changing decision. It can cause people real stress and worry. Our measures should take some of this worry away and drive out the rogues that give honest businesses a bad name."

Peter Bolton King, Chief Executive of the National Association of Estate Agents said: "We welcome and support the fact that every agent will have to belong to a redress scheme. This will help to create a more level playing field and to raise standards to the benefit of consumers and honest businesses. We see this as an important step - after all buying a home is one of the biggest financial and emotional decisions we ever make."

(CD/JM)

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