|What is Money Shield?|
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.
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.
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.
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
Deputy Chief Executive