The Government is to review whether renters’ and
landlords’ money is adequately protected from letting agent fraud or
bankruptcy. They are launching a consultation on whether the Client Money
Protection scheme (CMP) should become mandatory. Currently, letting agents hold
money on behalf of renters and landlords for a range of reasons, including
deposits, rental payments, and money for repairs. But this money is not always
protected by a CMP, meaning the client could lose large sums if the letting
agent goes bankrupt or commits fraud. Industry estimates letting agents
currently hold approximately £2.7 billion in client funds. Read more on 24dash.
I will build at least 10,000 council homes. As for right to buy – suspend
it for new properties | Andy Burnham
-
There’s no point us building houses if people sell them off cheaply to no
public benefit. It’s like running a bath with no plug
- Andy Burnham is the ...
14 hours ago
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