Belvoir Liverpool West Derby is urging all tenants and landlords to make a resolution to look for a Propertymark if renting or letting this year.
Propertymark denotes letting agents that subscribe to a Client Money Protection (CMP) scheme, which means that financial protection is offered should a letting agent fold or abscond with client funds.
More than 8.56 million households are now privately rented, up from 1.88 million in 2001.
Belvoir Liverpool West Derby signed up to Propertymark in 2012 and is also a member of Propertymark
Adam Rastall said: “Rogue letting agents give the industry a bad name. They are an exception yet they dominate the headlines because of the financial nightmare and distress they cause. Landlords and tenants can protect themselves from this risk and carefully choose their letting agent. At Belvoir Liverpool West Derby, we take every measure to protect our clients’ funds and this is highlighted by our commitment to Propertymark.”
John Midgley, chair of the Propertymark steering group, said: “The number of families and households privately renting their homes continues to rise, so it is of the utmost importance that they know how to ensure that their monies are protected and to avoid rogue landlords. Propertymark Saturday is an opportunity for tenants and landlords to find out about industry best practice and what they should be looking for in a letting agent.
“The message is simple! Be SAFE – choose a Propertymark from the growing list of professional firms who are placing hundreds of tenants into rental property in South Wales each year, and sleep easy in the knowledge that your rental funds and tenancy deposits have complete protection.”
Over 2,000 letting agents have now signed up to Propertymark. In addition to Government support, key organizations in the industry including Which, Citizens Advice Bureau, Shelter, Crisis, The Property Ombudsman, Consumer Focus, National Union of Students, OFT, GLA and Trading Standards Institute have all allied themselves to the scheme. Key suppliers to the sector are also standing behind the campaign – for example, HomeLet, Imfuna and CFPwinMan have led the way in pledging their backing to it.
To find out more about Propertymark visit www.Propertymarks.co.uk
For more information please contact Belvoir Liverpool West Derby, 54 Mill Lane, West Derby, L12 7JB or call 0151 256 0880
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