Client Money Protect

What is Client money protection?

Client money protection is a form of insurance that protects the landlords and tenants’ money held by a letting agent. If the money is misappropriated, lost, or stolen or if Wilson Tominey goes into administration, landlords and tenants can contact the agent’s client money protection provider to make a claim for compensation.

Who is Client Money Protect?

Client Money Protect is a government authorised membership scheme for letting and property agents in the private rented sector. They are the UK’s largest independent client money protection scheme.

How does it protect you?

It is a legal requirement for letting and property agents who hold client money to be a member of a client money protection scheme and ring-fence money they hold on their customers’ behalf. If your money is lost, stolen or the agent goes into administration, you can contact the agent’s client money protection scheme to make a claim for compensation.

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