Agents struggle to open client accounts for CMP

Letting agents have just weeks to ensure that they have compulsory Client Money Protection insurance in place – but some 4,000 could be struggling to meet the deadline.

The figure appears to be the Government’s own estimate of the number who do not have the insurance in place.

CMP is currently voluntary, but from April 1 it will be a legal requirement.

In a leaked letter seen by EYE, the Government has expressed its concern that agents are struggling to open client accounts.

Read the full story at Property Industry Eye.

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