Stand up to rogue landlords.
SAFEagent Awareness Week highlights the importance of choosing a letting agent that offers financial protection through a Client Money Protection (CMP) Scheme.
The recent move by Government to introduce secondary legislation making it mandatory for letting agents to belong to an ombudsman scheme will give landlords and tenants access to approved redress schemes -but these do not cover financial recompense if landlords and tenants' money is misappropriated.
The message from SAFEagent is that consumers' finances are therefore still at risk if the agent does not subscribe to a Client Money Protection Scheme.
Over 2,000 letting agent offices, including five agents in Huddersfield, have now signed up to the SAFEagent campaign to signpost their commitment to protecting landlords' and tenants' finances through CMP.
Huddersfield agents getting behind the initiative are CMK Lettings, Ryder & Dutton, Warm Lettings, William H Brown & Whitegates.
Britta Atkinson of CMK Lettings says: "We have all heard about the financial nightmare and distress caused to landlords and tenants when letting agents close without the necessary financial protection having been put into place.
"We are proud that we take every measure to protect our clients' funds and working with SAFEagent underlines our ongoing commitment to professionalism and industry standards."
John Midgley, chair of the SAFEagent steering group said: "It's time for tenants and landlords to really make informed choices when dealing with lettings and management agents.
"An estimated 40% of letting agents do not belong to a recognised body or scheme and meet no financial compliance requirements.
"You don't have to take that gamble. By choosing a SAFEagent you can be certain that the letting agent is part of a CMP scheme underpinned by criteria that will ensure that your finances are safe no matter what."
To find a SAFEagent in your area visit www.safeagents.co.uk