SAFEagent calls for inclusion under Client Money Protection Schemes to be mandatory for all lettings and management firms

SAFEagent is calling once again upon the Government to take the opportunity, with the passage of the Housing Bill, to make inclusion under a Client Money Protection (CMP) Scheme a mandatory requirement for all lettings and management agents.

The SAFEagent campaign, launched in 2011 and with over 3,000 offices signed up to the consumer awareness campaign, was established by agents for agents and has worked hard to raise consumer awareness among landlords and tenants of the need to ensure they use professional agents who are covered by such a Scheme.

Not only are all SAFEagents part of CMP Schemes, they are also part of recognised industry agent organisations who monitor their compliance, offering customers additional protection.

John Midgley, SAFEagent Chair, said:

“We welcome the positive action the Government is taking to deal with rogue landlords and agents. Mandatory membership of a redress scheme for all agents was a step in the right direction but consumers get no recompense through those schemes if an agent misappropriates their money. Only by introducing a mandatory requirement for agents to be included under a CMP scheme can the consumer be afforded that protection. It is great that the industry is now pulling together to protect consumers – something that the SAFEagent Steering Group has advocated since the start of its campaign and we hope to build on this goodwill for other consumer protection initiatives which we are planning”.

John Midgley has written to the Minister of State for Housing and Planning, Brandon Lewis MP.

Share:Share on FacebookTweet about this on Twitter



Letting agent jailed for over three years after stealing tenants’ deposits #property > Another reason for @Safeagent