THE regulation of the lettings industry has long been a source of controversy, and despite the sector’s rapid growth over recent years it is still somewhat unregulated.
With growth predicted to escalate over coming years, Grantham lettings specialist Belvoir, in St Peter’s Hill, is urging landlords and tenants to choose their letting agent carefully, and in particular look for one that they can be sure will keep their money safe.
Since the launch of a new scheme, of which Belvoir is a founder member, this should now be easier. The Safe Agent Fully Endorsed (SAFE) scheme, which already has 1,100 members throughout the UK, including Belvoir Grantham, is designed to highlight agents which protect their clients through money protection schemes.
All member companies are awarded the SAFE mark, which has been welcomed by the Trading Standards Institute as an easily identifiable kite mark related to financial protection.
Belvoir Grantham branch manager Samantha Lees said: “Finances are obviously hugely important to both landlords and tenants, however they sometimes overlook the importance of knowing that their money is safe in the hands of their agent.
“They‟ll now be able to look out for the SAFE Agent kite mark and feel secure in the knowledge that lettings agents that have been awarded the mark will guard their money through client protection schemes.”
Belvoir Lettings managing director Dorian Gonsalves is amongst a group of industry experts who advocated the scheme from the start and in the early stages committed central office funds towards its development.
For more information on how the scheme works contact Belvoir Grantham on 01476 542100.