Handling Of Client Money
1.1 All Client Money is held in a Client Money Account with a bank or building society authorised by the Prudential Regulatory Authority (PRA), the Bank of England and the Financial Conduct Authority (the FCA) in England, Scotland, Wales and Northern Ireland.
1.2 As a Client Money Protect Scheme Member, we:
a) Maintain one or more Client Money Accounts into which all Client Money is paid;
b) Ensure that Client Money Account(s) are designated as such and easily distinguished from other accounts;
c) Advise clients of Client Money to be held in a Client Money Account and notify Clients of details of that account;
d) Confirm in writing with the bank with which it holds a Client Money Account that the bank acknowledges that monies in the Client Money Account must not be combined with, or transferred to, any other account maintained by the Member, and the bank shall not be entitled to exercise any right of set up or counterclaim against money in that Client Money Account in respect of any sum owed to it in respect of any other account of the Member firm;
e) Keep records and accounts which show all dealings with Client Money, and demonstrate that all Client Money held by the Firm is held in a Client Money Account.
1.3 As regards handling Client Money, we:
a) Have and comply with written procedures for handling Client Money;
b) Publish our procedures for handling Client Money on our website;
c) Provide a copy of our procedures for handling Client Money to any person who may reasonably require a copy, free of charge;
d) Keep records and accounts that show all dealings with Client Money;
e) Repay any Client Money without delay if there is no longer any requirement to retain that money or the relevant client requests it; and
f) Hold and maintain professional indemnity insurance cover that is appropriate for the Member’s size, income, type of work and the amount of Client Money held.
For your property or a prospective investment. The report includes:
- Preparation for letting
- Maximising your investment
- Current market intelligence on your area.
- Tenant profile for your property.