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What is Money Shield?
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Money Shield is a Client Money Protection (CMP) scheme enabling lettings and estate agents to reassure tenants, landlords, buyers and vendors that their money is safe. Money Shield will step in to reimburse landlords and tenants should a property agent misappropriate their rent, deposit or other client funds.

Thousands of Lettings Agents do not Protect their Clients’ Money so make sure your agent has CMP. Money Shield offers the peace of mind that your money is protected if the unthinkable happens. If your rent or maintenance funds go missing due to theft or your agent goes bust, your money will be reimbursed quickly without any hassle.

True crime

Rogue letting agent Manish Manek was found guilty of 17 counts of theft involving tenants’ deposits and rent owed to landlords. He stole £47,000 before fleeing the UK in October 2012. A police investigation found that Manek had been putting tenant deposits and rent into his personal account. He was finally arrested and sentenced to jail leaving landlords and tenants out of pocket.

His victims never saw their money returned.

 

Applying to have missing money reimbursed is simple with Money Shield. As long as it has been reported to the police you can simply fill out our claim form to get your money reimbursed. However claims seldom happen against Money Shield agents as we continually make checks to ensure your money is being held in a separate client account.

Government action

The Government is taking action to protect landlords and tenants by making CMP mandatory. All agents managing lettings in England will need to belong to an approved CMP scheme by 1 April 2019. Agents in Scotland and Wales are already required to hold CMP.

About us

Money Shield is administered by Propertymark, an established brand which is visible in estate and lettings agents offices on high streets across the UK. As the scheme's administrator, Propertymark has a long and successful history of managing Client Money Protection claims.

Meet the Directors

David Cox

David Cox

Chief Executive
ARLA Propertymark

David Cox

Nick Hankey

Deputy Chief Executive
The Dispute Service (TDS)

David Cox

Steve Harriott

Chief Executive
The Dispute Service (TDS)

David Cox

Mark Hayward

Chief Executive
NAEA Propertymark