CMP regulations
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Regulation & Law
Letting agents risk big fines by failing simple CMP rules
Random checks on 200 agency websites found that 62% were not displaying CMP certificates and could fall foul of Trading Standards.
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Latest property news
Platform launches solution to satisfy banks over undesignated client accounts
FCA-regulated LettsPay says its service enables agents to be CMP compliant by providing them with a digital account per landlord.
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Latest property news
Letting agents urged to ‘pull their fingers out’ and comply with CMP by minister
MPs last night voted through the government's proposal to extend the cut-off period for compliance with CMP rules to April 1st as problems finding pooled accounts continue.
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Latest property news
20% of sales agents not members of a CMP scheme
Research by Hamilton Fraser reveals that thousands of sales agents in the UK are trading illegally.
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Latest property news
Two more Client Money Protection schemes approved ahead of April 1st deadline
NALS and Money Shield get official approval to offer agents Client Money Protection schemes, membership of which is to become mandatory.
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Features
Summed up: letting industry legal changes
The Government chose April Fools’ Day to announce stricter regulations for letting and managing agents – but, says Jeremy Leaf, it’s being taken very seriously.
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