Housing https://uk-restoration.co.uk Wed, 11 Mar 2026 11:18:31 +0000 en-GB hourly 1 https://wordpress.org/?v=4.9.29 New Scheme Protects Landlords from Rogue Letting Agents https://uk-restoration.co.uk/blog/new-scheme-protects-landlords-from-rogue-letting-agents/ https://uk-restoration.co.uk/blog/new-scheme-protects-landlords-from-rogue-letting-agents/#respond Mon, 15 Apr 2019 09:48:42 +0000 https://uk-restoration.co.uk/?p=5673 Letting agent membership of Client Money Protection (CMP) schemes, which offer landlords and renters greater protection from ‘rogue’ lettings agents, has now been made mandatory by the government. From April 2019, letting agents are expected to be compliant and to be members of an approved CMP scheme, or else face fines.

The measures were taken as the government was concerned that a large number of landlords and renters were at risk of being unable to have their money returned to them, in the event of misappropriation of funds or the bankruptcy of their agents. The government estimated that prior to the regulatory changes, approximately 60 per cent of letting agencies were members of some kind of CMP scheme.

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