Thousands of agents to campaign for Client Money Protection

Thousands of agents to campaign for Client Money Protection


Todays other news
The scheme is operated on behalf of the government by...
It’s in London’s Notting Hill - following an existing branch...
The protest is by the London Renters Union...
Reapit has entered a partnership with HomeLet and Let Alliance...
A council wants to be able to seize properties empty...


This week, thousands of letting agents will be taking part in SAFEagent Awareness Week 2017.

Agents taking part in the event – which is now in its sixth year – will highlight to consumers the importance of working with a firm that offers Client Money Protection (CMP).

Earlier this year industry campaigners were boosted by the news that the government intends to make CMP mandatory for all letting agents.

SAFEagent –  the mark that denotes firms hold consumers’ money with a CMP scheme – says that while the campaign has finally achieved its goal, mandatory CMP is still not law and some consumers could still be at risk.

“SAFEagents have campaigned hard for consumer protection – and the government has finally taken on board our calls for all agents to be part of a Client Money Protection Scheme. This is fantastic news, but unfortunately, the law isn’t in place yet,” says John Midgley, chair of the SAFEagent Steering Group.

“Choosing a letting agent without CMP in place therefore remains a massive risk for both landlords and tenants. We’ll continue to campaign, raising awareness among consumers of the importance of only using an agent with CMP.”

Share this article ...

Join the conversation: Login and have your say

Want to comment on this story? Our focus is on providing a platform for you to share your insights and views and we welcome contributions. All comments are screened using specialist software and may be reviewed by our editorial team before publication. Letting Agent Today reserves the right to edit, withhold or delete comments that violate our guidelines, including those that harass, degrade, or intimidate others. Users who post such content may be banned from commenting.
By commenting, you agree to our Commenting Terms of Use.
Recommended for you
Related Articles
Client Account service relaunched with CMP-compliant bank...
Automated rental payment platform PayProp has been named the Overall...
The future of the UK lettings market will be determined...
Some 50% of tenants who moved last year did so...
The BoE has come to a decision on interest rates...
The removal of temporary rent controls may make buy-to-let more...
There will be a greater emphasis on digitisation....
Recommended for you
Latest Features
The scheme is operated on behalf of the government by...
It’s in London’s Notting Hill - following an existing branch...
The protest is by the London Renters Union...
Sponsored Content
With less than a month to go until the UK...
The UK government has implemented 16 financial sanctions rule changes...
The owners of the Rentman software application (for property Lettings...

Send to a friend

In order to send this article to a friend you must first login. Click on the button below to login or sign up.

No one likes pop-ups ...
But while you're here