Let Alliance in partnership with UKALA announces approved status for client money protection scheme
Posted by Ellie Dreisenstock on February 20, 2019
We are delighted to announce that UKALA in partnership with Let Alliance have been approved by the Secretary of State to offer the industry-first total loss client money protection (CMP) scheme to UKALA members. UKALA received confirmation from the Minister for Housing and Homelessness, Mrs. Heather Wheeler MP.
This exclusive benefit for Let Alliance customers, UKALA members and their clients, comes ahead of a number of changes for the private rented sector, including the Government making CMP mandatory for letting agents from 1st April 2019.
- Industry first – For the first time, tenants and landlords can claim back the entire amount of money that has been lost or misappropriated by an agent. This is not available to anyone else in the market.
- No more claim caps – Whether you’re owed £5000 or £50,000, under UKALA’s total loss CMP, you’ll be able to claim ALL your money back.
- Fit for the Future – Complete access to Let Alliance proposition with guaranteed acceptance for Nil Deposits and Rent Guarantee for UKALA members.
- Discounted fees – Let Alliance customers enjoy a discount on UKALA membership fees and CMP protection.
- Safeguard your business – Underwritten by A-rated insurers Hiscox, the UKALA total loss CMP is regulated by the Financial Conduct Authority in the UK.
The total loss CMP scheme is open to all property agents and professionals who can become members via the straightforward application process. To get started, simply contact our Customer Development Team on 01244 564 986 or email [email protected].
