Government approves two more CMP schemes
The Government has authorised two more firms to provide Client Money Protection (CMP) schemes for letting agents.
From April 1, it is expected to become mandatory for all letting agents and property managers in England to be a member of an approved CMP scheme or face fines and sanctions for non-compliance.
The latest firms to receive authorisation are Money Shield and the National Approved Lettings Scheme.
They join Hamilton Fraser group company Client Money Protect and UKALA.