Date Published 26 February 2019
As of 1st April 2019 all letting and managing agents will be required to hold a valid and government approved insurance to protect the funds they hold on behalf of clients.
Client money protection insurance or CMP is designed to give landlords and tenants peace of mind that the money their agent holds and processes is protected by insurance at all times.
Funds under protection can include tenants deposits or rents received by the agent and being held on behalf of a landlord.
This is a significant and positive step forward towards full industry regulation.
The good news for Marshall Property clients is that since the day we started trading in 2011 we have held client money protection insurance as we believe in always protecting our clients and customers interests and ultimately giving complete peace of mind to our clients when you choose to use the services of Marshall Property.
If you are an existing client of Marshall Property then you don't need to worry and can continue to benefit from our fully insured and licensed services. If you currently utilise the services of another letting or managing agent but would like to discuss the benefits of a licensed agent then feel free to get in touch and one of our team will be happy to discuss your requirements.