SAFEagent responds to Client Money Protection Review

Glynis Hunter, Acting Chair of the SAFEagent Steering Group, commenting on the publication of the Client Money Protection review, said:

“We’re delighted with the outcome of the Review which calls for mandatory CMP for all letting agents. We’ve campaigned long and hard for this and fully endorse the recommendation that implementation is now necessary.

“However, for agents to be eligible to display the SAFEagent logo it also means that they are part of an agent regulatory organisation. We believe that is the cornerstone for the delivery of a safe, professional private rented sector giving tenants and landlords the level of financial protection and service they deserve. It is now time for Government to act on the review’s recommendations and we look forward to working with them to deliver this long overdue consumer protection measure.

“We’d like to give our thanks and credit to the agents who signed up to the SAFEagent campaign and still continue to be part of it in its sixth year, as we receive this ringing endorsement of the need for mandatory CMP from the review panel.

“As the implementation date is still unknown, the SAFEagent campaign will continue with SAFEagent Awareness Week taking place in the week of 15th – 19th May 2017
and we would urge as many agents as possible to support this campaign.”

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