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Oulsnam Lettings supports SAFEagent Awareness Week 2016

Oulsnam Lettings supports SAFEagent Awareness Week 2016

News release

 Best letting agents unite to protect landlords and tenants

Oulsnam Lettings supports SAFEagent Awareness Week 2016

 

This June, 3,000 professional lettings agents across the UK will unite for SAFEagent Awareness Week – highlighting to consumers the importance of choosing a professional agent who is part of a Client Money Protection (CMP) Scheme.

 

Oulsnam Lettings is supporting SAFEagent awareness week, which runs from 6th -10th June 2016 - reminding consumers that their finances are at risk if their chosen agent does not have client money protection in place.

 

SAFEagent campaigns for full and mandatory CMP - which protects landlords and tenants from the worst practice in letting agency. While mandatory CMP is now firmly on the government’s agenda with amendments to the Housing and Planning Bill, it has still not been passed in law, leaving many consumers still at risk.

 

The market is huge, with an estimated £2.7 billion* held by letting agents in client accounts, but unfortunately there are still too many cases of criminal letting agents stealing landlord and tenant cash.

 

John Midgley, Chair of the SAFEagent Steering Group, says: “If an agent were to steal landlord or tenant money without CMP in place there’s little chance of getting their money back. Choosing a letting agent without CMP in place is a massive risk for both landlords and tenants. Who can afford to lose thousands of pounds?

 

“While we are finally getting closer to mandatory CMP we aren’t there yet. It is so important that tenants and landlords understand that the right to redress only goes so far, and they need to choose their agent wisely by asking if they are part of a CMP scheme before entering into a contract with them. It can make all the difference”.

 

Tenants and landlords / consumers should always look for the SAFEagent logo, an easily identifiable consumer mark denoting agents subscribed to a Client Money Protection (CMP) Scheme.

 

Go to www.safeagents.co.uk to find a SAFEagent in your area

 

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