Landlords and tenants nationwide are being reminded of the importance of choosing letting agents who subscribe to Client Money Protection (CMP) schemes. This community supported initiative has been organised and co-ordinated by SAFEagent. Now in its third year, SAFEagent Awareness Week takes place from May 12 – 18 and is supported by a raft of regional and national initiatives to drive awareness of the importance of choosing a letting agent that offers financial protection. If a letting agent subscribes to a CMP scheme this means that if it closes or an agent misappropriates client funds, landlords’ and tenants’ monies will be safeguarded. John Midgley, chair of the SAFEagent steering group, commented: “There are still far too many stories in the media about rogue letting agents therefore campaigns such as SAFEagent Awareness Week are really important to highlight how landlords and tenants can protect their money.” “SAFEagent Awareness Week is the ideal opportunity to remind landlords and tenants of the importance of identifying agents who offer financial protection and the campaign has made giant strides in doing so since its launch in 2011. “There are still far too many letting agents who do not belong to a recognised body or scheme and it’s important to remind people to do everything they can to ensure their money is sufficiently protected. “Letting agents who sign up to become a SAFEagent are also reassuring consumers that they subscribe to a defined code of practice and are members of recognised professional bodies or accreditation schemes.” There are now around 3,000 SAFEagent offices nationwide, demonstrating their commitment to protecting landlords’ and tenants’ finances through CMP schemes. SAFEagents are easily recognisable through the SAFEagent logo and mark which is clearly displayed and marketed by those agents in the scheme.
More from the Blog
- Who has responsibility for what in your building? September 16, 2020
- Volume of property sales soars to 13-year high in light of stamp duty holiday September 9, 2020
- Consumer group Which? in EWS1 form scam warning September 2, 2020
- Ban on tenant evictions extended August 26, 2020
- Mortgage approvals smash expectations August 19, 2020