10:01 AM, 2nd August 2021, About 11 months ago 9
Hi all, I recently started a letting agency. I registered my company in 2018, but didn’t really do anything until late 2019. I have only been doing let only for the time being until I branched out into management.
My let only was slightly different as I only stopped after introducing the tenant and doing the agreement – I wasn’t involved in management etc. Client Money Protection (CMP) wasn’t needed at this point. I’m in the process of offering full management and doing full let only.
I then went to apply for CMP with CMP themselves, and they have not offered us membership due to working capital being negative.
I need CMP desperately – what can I do, as I believe other providers won’t accept you if you’ve been refused elsewhere?
Looking for solutions, please.