Petition · past parliament
Make Client Money Protection compulsory for all letting agents.
Closed
1,380 signatures
What the petition asks
It is estimated that some £2.7 billion of tenant and landlord money is held by lettings agents. This money is at risk of loss or misappropriation as there is currently no compulsory requirement for letting agents to belong to a Client Money Protection (CMP) insurance scheme.
Property-related bodies, including ARLA, Shelter, NALS, RICS, NAEA, National Landlords Association, Residential Landlords Association, SAFEagent, The Property Ombudsman and Ombudsman Services, say that to protect the consumer, CMP should be compulsory for all letting agents. The small additional cost to business of CMP is vastly outweighed by the protection it offers consumers. The Housing Bill 2015 provides the opportunity to put the measure in place and a suitable amendment has been proposed.
Timeline
| 26 Nov 2015 | Petition opened for signatures |
| 26 May 2016 | Closed to new signatures |
Key facts
Signatures
1,380
Status
Closed
Opened
26 Nov 2015
Closed
26 May 2016
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Source: the official petition page. Last checked 15 Jul 2026.