CMP
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Regulation & Law
Estate agencies fined £860,000 during Trading Standards CMP crackdown
Over 70 firms in the Midlands were caught failing to comply with Client Money Protection rules, it has been revealed.
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Regulation & Law
GUEST BLOG: Don’t get caught out by Client Money Protection rules
Some traditional Client Money Protection schemes have turned away from the benefits and security Electronic Money Institution’s bring. Garrett Foxon, CEO of LettsPay, outlines the current state of play.
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Latest property news
Largest ARPM creditors join committee to oversee firm’s liquidation
Three agents and its deposit protection and client money protection scheme providers are named in document.
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Regulation & Law
Collapse of property management firm ARPM highlights CMP ‘grey area’
Loophole in the CMP legislation has played its part in the situation some agents find themselves in, says Jenny Markham of The Letting Partnership.
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Supplier News
Client accounting firm honoured with Queen’s Award
Outsourced accounting supplier, The Letting Partnership, has been honoured with The Queen’s Award for Enterprise 2021 for its excellence in innovation.
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Latest property news
Letting agents still face CMP catch-22 as 1st April deadline looms
Approved client money protection scheme CMP says bank intransigence continues to hamper agents' attempts to comply with regulations.
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Latest property news
London agents facing CMP crackdown and fines of up to £30,000
London Trading Standards says 100 agents have already been notified of potential fines with more to follow.
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Features
A new perspective
Meet Rebecca Marsh, the industry’s new Property Ombudsman. Fresh into her new role, The Negotiator presses her on the key issues that face the industry and TPO.
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Latest property news
Relief for letting agents over Pooled Client Accounts following breakthrough
The PCAs required by agents to comply with CMP regulations have proved difficult to open because they have been deemed to be higher risk.
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Latest property news
Client Money Protection now compulsory for English letting agents – but how many are covered?
Legislation has now become law and letting agents not registered with one of six schemes is now trading illegally.
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