property listings can no longer

Property Listings Can No Longer Mention Price on Application

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Price on application is a term you would often find in property listings. It is used by estate agents to have potential buyers or renters call to find out the asking price instead of seeing it in the listing. The reasons for using POA instead of listing the property’s price can vary. It can be used if the property’s price has not been set, because it is so unique that determining a price is difficult before buyers or renters show interest, or because owners want the price to be kept private.

However, according to our estate agents in Newham, using POA in listings will no longer be the case. Here’s why:

  • The Estate Agents and Letting Agents Team of the National Trading Standards has decided that ‘price on application’ or POA can no longer be used in property listings as it contradicts the current consumer protection legislation.
  • NTSELAT considers the average consumer needs to know a property’s price in order to make an informed choice and they must know this from the listing, before they contact the estate agent.
  • This decision is part of a series of decisions made by the NTSELAT in collaboration with the estate agency industry to improve how important information is disclosed in property listings.
  • Therefore, estate agents must now list the asking price in their property listings to abide by this ruling.
  • According to our estate agents in Newham, this will increase transparency as regards property asking prices and help solidify the relationship with and between property buyers, renters, landlords, and sellers alike.
  • In addition, our estate agents in Newham highlight the fact that, in certain cases, using the term ‘price on application’ actually drove interested parties away from a property, causing them to think that it was out of their range. Therefore, the NTSELAT decision may have yet another benefit apart from increasing transparency.
  • NTSELAT also published a list of ‘material information’ that should be disclosed in property listings. It includes the property’s council tax band, information on its tenure (freehold or leasehold), as well as if the property is in a flood risk area.
  • Estate agents had until the end of May to comply with the above decision and include this information in their listings.

For exclusive listings and fully transparent property transactions, contact our estate agents in Newham today at 0207 055 0441 or info@realestateagentslondon.co.uk.

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What Our Customer's Say

Samarpan Thorat
Samarpan Thorat
2022-02-18
They have multiple options.
Lana Matta
Lana Matta
2022-02-01
Exceptional service! Always on time and proactive!
Adetola Ajala
Adetola Ajala
2022-01-24
From just a walk in to prompt service delivery. Adil took time to explain about property market and was very professional in every aspect of negotiation and final house letting process. So far property management has been satisfactory.
Amit Bains
Amit Bains
2021-12-10
I chose REMAX and Adil specifically to manage my property in the Canning Town area because I could tell the enthusiasm and customer service levels were extremely high. I have not been disappointed given the current market and global situation over the past year and more I could not have asked for a more attentive agent then Adil and the wider REMAX team
Adnans Syed
Adnans Syed
2021-12-06
Remax barking is best agents Mr Adil is best Man to deal with we take House From Mr Adil in 2018 now in 2021 we are moving From house But There service is very professional and decent I moving my house but in many years no problem with them regarding anything I live in U.K. since 15 years but this is the best agency we had if you guys be with remax barking road you never be a disappointed that’s for sure great service see you in future Mr Adil thanks for you kind service god bless you 🙏
Thunicia Moodley
Thunicia Moodley
2021-11-28
I approached REMAX after being dissatisfied with another agent in the area, who was very poorly responsive, negligent with our property, & unable to rent it out for 3 months. From the first interaction, Adil was highly responsive, provided advice on what was required to bring the property back up to standard, and swiftly obtained quotes for all work that needed to be carried out. REMAX oversaw completion of the extensive work & secured tenants in approximately 4 weeks. I initially contacted REMAX, amongst other agents, due to their high Google ratings. Based on my own experience, I rate the level of customer service & professionalism 5 star. Thank you Adil & Team.
Anam Asghar
Anam Asghar
2021-11-27
Excellent Customer Service and prompt action been taken when finding property for my self… Highly Recommended 👍🏻
Nitu Mariana
Nitu Mariana
2021-11-17
I have just secured a new apartment using the REMAX Canning Town Branch, and during the whole process, Mr Masood Qaiser was very helpful. I contacted him through Facebook regarding the available property. He was very professional, good communicator. Patient and reliable. Explained all the processes and followed up with emails and calls, which helped put my mind at ease and helped me throughout the whole process, making the process smooth and easy. Even he helped me with switching the bills. So I very much recommend this agency. I had a positive experience with them.
Martin Parvanov
Martin Parvanov
2021-11-15
I saw so many properties to rent in Facebook . You have so many advertises and when I ask Julian if they are still available He doesn't reply to me. Even not only him ..There is another guy I can't remember his name and he doesn't answered on my messages as well. This is the reason to give you only one star
Saugat Budhathoki
Saugat Budhathoki
2021-11-11
I've used Remax Canning Town Branch for Letting my apartment in Rathborne Market. Mr Rizwan is reliable and goes the extra mile to help and secure the professional tenants as I wanted. On top of his knowledge and experience, Rizwan is kind and personable, a pleasure to work with him, and I recommend REMAX wholeheartedly.

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