Foxtons is proud to unite with thousands of other professional lettings agents across the UK this week to help highlight the importance to consumers of choosing a professional agent who is part of a Client Money Protection (CMP) Scheme.
6th-10th June marks SAFEagent Awareness Week which highlights the financial risks that consumers can face if their chosen agent does not have CMP in place. A compliant agent allows peace of mind to ensure the security of their clients’ money regardless of the agent’s situation. Without CMP in place, there would be little chance of retrieving those funds.
Foxtons is proud to be a founding member of SAFEagent which is a part of the CMP Scheme. Foxtons has also been a voluntary member of The Property Ombudsman Scheme since 2007, as well as other leading governing bodies to give clients peace of mind and assurance that they will receive the highest level of customer service.
John Midgley, Chair of the SAFEagent Steering Group, says: “Choosing a letting agent without CMP in place is a massive risk for both landlords and tenants. 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.”
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