What is a property redress scheme? The UK Property Redress Scheme (PRS) is a government-approved redress scheme that provides a platform for resolving disputes between property professionals and their clients. It was introduced as a part of the Housing Act 2004 and is a legal requirement for property agents operating…

Why seller’s should avoid option agreements Uncertainty: Option agreements introduce uncertainty for sellers. With an option agreement, the buyer has the right, but not the obligation, to purchase the property within a specified time-frame. During this period, the seller is typically unable to sell the property to other potential buyers….