Our Commitment to Protecting Your Money

At Murphy Waldron Estates Limited, we take the security of client money very seriously. Client Money Protection (CMP) is a legal requirement for letting agents who handle client money, including rent and deposits.

Client Money Protection Scheme Membership

Status: [PENDING/ACTIVE – Update when obtained]

Scheme Provider: [INSERT CMP SCHEME NAME] Membership Number: [INSERT MEMBERSHIP NUMBER] Coverage Level: [INSERT COVERAGE AMOUNT]

What is Client Money Protection?

Client Money Protection provides insurance that protects landlords’ and tenants’ money in case:

• The letting agent goes into administration or becomes insolvent
• Client money is misappropriated or stolen
• There is a failure to properly segregate client money

How We Handle Client Money

For Landlords:

• Rental income is held in a designated client account
• Funds are transferred according to agreed terms
• All transactions are fully documented
• Regular statements are provided

For Tenants:

• Deposits are protected in government-approved schemes
• Holding deposits are handled in accordance with regulations
• All fees are transparent and agreed in advance

Segregated Client Accounts

We maintain separate client money accounts that are:

• Clearly designated as client accounts
• Segregated from our business operating accounts
• Regularly reconciled and audited
• Protected by our CMP insurance

Available CMP Schemes in the UK

The following are approved Client Money Protection schemes:

• Client Money Protect
• Propertymark (formerly ARLA, NAEA)
• RICS Client Money Protection Scheme
• Safeagent
• UKALA Client Money Protection Scheme
• Money Shield

Your Protection

When we obtain full CMP coverage, it will ensure:

• Your money is protected up to the scheme limit
• Independent oversight of our client accounting
• Access to compensation if something goes wrong
• Regular compliance checks

Further Information

For more information about Client Money Protection, you can visit:

• www.gov.uk/client-money-protection-scheme-property-agents
• Your chosen CMP scheme’s website

Contact Us

If you have any questions about how we handle client money:

Murphy Waldron Estates Limited 197 Eccles Old Road Salford, England, M6 8HA Email: info@murphy-waldron.com Phone: 0161 787 9195