Here at Northwood, we are committed to professional standards within the private rented sector, and this is one of the reasons we became members of the SAFEagent Steering Committee, when SAFEagent launched 6 years ago.
SAFEagent is a cross-industry and community initiative to signpost those lettings agents who have client money protection. This gives landlords and tenants peace of mind that their rents and unprotected deposits are safe, and not being used by rogue agents or those trying to cash-flow a failing business.
Today marked the start of “SAFEagent Awareness Week 2017” where the industry unites to once again highlight the importance of client money protection.
The campaign is run mainly via the social web with tweets, blogs, videos, and status up-dates drawing attention to the campaign.
Around 3,000 agents take part the length and breadth of the country. Many also promote the event off-line in their agencies with posters, balloons, and special events.
In March this year, the Government announced that it intends to make CMP mandatory for all letting agents.
While SAFEagent said it is delighted that the campaign has finally achieved its goal of mandatory CMP, it is not yet law.
In a statement it said: “This still leaves consumers at risk if their chosen agent does not have Client Money Protection.
“Unfortunately there are still too many cases of criminal letting agents stealing landlord and tenant cash.
“This is why agents taking part in SAFEagent Awareness Week will be reminding consumers of the importance of using an agent who is part of a regulatory organisation, which provides CMP.”
Here is a reprise of the video of our M.D., Eric Walker, talking about what makes SAFEagent unique and why it is so important for the private rented sector:
Industry supporters include Endsleigh Insurance, DPS, the Property Ombudsman, and TDS.
The Government has also given its support to SAFEagent Awareness Week since its launch in 2011 and with the SAFEagent logo appearing in their “How to Rent” guide.
You can follow SAFEagent Awareness Week on twitter on hashtag #SAAW2017.
Northwood is one of the largest and most recognised estate agents in the U.K. and the leading supplier of Guaranteed Rent to give landlords complete peace of mind.
Find us on Twitter @northwoodUK or visit our YouTube Channel.