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Following on from an increasing number of calls we are getting from people who have lost life-changing amounts of money to deal sourcers, portfolio building companies, and other such entities, Property Tribes has taken the decision to only allow deal sourcers who are registered with an independent redress scheme to post on this site.There are three Government approved Redress Schemes to choose from:The Property Redress Scheme - our partner schemeOmbudsman Services (Property)The Property OmbudsmanFor further information on why this is important, please see below:
What company or person, is the one who has taken the £800k investment off the lady? Is it an organisation who has received comments on PT?
Yes, in the context that there has been many warning threads about this individual and his various companies. The lady contacted us for advice after finding these various threads.
Thanks for the reply.
So as it is a he, is it Gl*** Ar*******g?
No, not that person.
general operations director (aka Colonel Nicaffi) - propertytribes.com
That makes absolute sense.
Would this not be a burden on PTribes? Should you not charge a nominal fee for this annual verification.
As a by-product it would create a nice PTribes Directory of Property Finders that are registered with ombudsman (and therefore have PI insurance too).Then also Letting Agents which has same verification as the above but also a nice filter for those with Client Money Insurance.In addition to mortgage brokers that are authorised and regulated by the right authorities, with ccl, dpa, pi and so forth.
The lettings industry is missing out on a Directory of Letting Services that also verifies businesses for easier due diligence purposes. Perhaps Tribes is missing out on a small revenue stream. Perhaps a property finder would be incentivised also to pay to be highlighted at the top of the listing for example.
Thanks for your comments and support Adam.We are extending it to lettings agents as well.We will endeavour to police it, but we recommend that all posters display their memberships of professional and/or trade bodies in their signature.Our core focus continues to be around educating landlords how to avoid rogues and undertake due diligence across the property spectrum & commercial interactions ... from deal sourcers and agents ... to tenants and JV partners ... to tradespeople and suppliers of products and services.Prevention is always better (and less stress and expense) than cure, so that will continue to be the focus of the content we deliver.
Just adding that we would also like the community to help with the regulation where possible. We have always been of the view that community self-regulation is very healthy.So if you are on a thread with a deal sourcer or lettings agent, please feel free to ask them for their ombudsman registration number and please also use the report button if you see anything we should look into.Community self-regulation helps keep our sector safe for all, so please do your bit as and when you can.
I very much appreciate your action, Vanessa and Nick. Well done!
Great work as always Nick and Vanessa.
Splendid start to the New Year!
Well Done x