SAFEagent sets up forum to shed light on CMP schemes

An attempt to shine a light on the different Client Money Protection schemes and how they interact with tenancy deposit schemes has been announced as the latest SAFEagent initiative.

All the major players, including ARLA, have been invited to take part in a forum in early November.

Also invited are NALS, RICS and UKALA, as well as all three deposit schemes and relevant insurers. All will be invited to share information and develop lines of communication.

John Midgley, chair of the SAFEagent Steering Group, said: “Since its launch last year, SAFEagent has always had the best interests of consumers as its focus.

“Its main aim is to highlight the risks to landlords and tenants of using a letting agent not covered by a CMP scheme.

“The campaign has made great strides with some 2,000 offices now signed up, but there is still much more to be done and many more consumers to reach.

“The ethos of SAFEagent has always been to operate in a spirit of inclusivity.

“We have often said that working together will be the only way to improve standards and indeed the perception of the industry.

“The SAFEagent Client Money Protection Forum will seek to establish a common approach to sharing information which will be to the benefit of consumers and the sector.”


Article courtesy of LettingAgentToday

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