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Being an active participant in UK property market we have formed strategic partnerships with leading property developers and private investors in United Kingdom. We offer our customers a wide choice of off plan and ready to move in apartments, villas and townhouses in world class developments , . Whether it be a luxury sea facing apartment in the London or Cardiff or a budget apartment at International City for a price conscious buyer we can offer you all property types to suit varying budgets and tastes in the Letting or Sales Market .

  • AddressPropertyTrader
    113-114 Commercial Road, Newport,
    NP20 2GW, United Kingdom
  • Phone 0800 6890604
  • Fax:01633 745435
  • Email Addressinfo@ntspt.com

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Meat the Team

Mohammed A Rashid
Property Manager
Zarqa A
Office Administrator
Sarwar H
Maintenance Manager
Bernard G
Maintenance Leader

    Property Trader Nts Letting And Sales 

    CLIENT MONEY POLICY FOR LETTING AGENTS (WALES)

    1. Purpose of Policy
    1. This Policy sets out how Property Trader Nts Letting And Sales  (“the Company”) handles money on behalf of clients (“Client Money”).
    2. The Company shall handle all Client Money in accordance with this Policy.
    3. The aims of this Policy are:
    1. To ensure that Client Money is kept safe;
    2. To ensure that the Company complies with its legal and regulatory obligations as regards handling Client Money.

    1. Meaning of “Client Money”
    1. Client Money is any money received by the Company that does not solely belong to the Company. Examples include:
    1. Tenants’ deposits;
    2. Rents;
    3. Service charges;
    4. Interest credited to a client account (unless there is a written agreement that interest is to be retained by the Company);
    5. Arbitration fees;
    6. Fee money taken in advance;
    7. Clients’ money held but due to be paid to contractors;
    8. Money held where the Company is appointed as a Receiver;
    9. Sale proceeds and deposits;
    10. Auction sale proceeds.
    • Interest earned on Client Money shall belong to the client unless there is a written agreement with a client that the Company shall retain the interest.

    1. Legal and Regulatory Obligations
    1. The Company shall ensure that the Company and all members of staff comply with all legal obligations relating to the handling of Client Money.
    2. The Company shall ensure that the Company and all members of staff comply with any rules or regulations relating to the handling of Client Money imposed by:
    1. Any professional or regulatory body;
    2. Any trade association;
    3. Any Ombudsman redress scheme

    of which the Company or the relevant member of staff is a member.

    1. The Company shall employ appropriately qualified staff to handle Client Money and shall provide them with appropriate training and support.
    2. The Company is a member of a client money protection scheme and shall display a certificate confirming the Company’s membership to the scheme on its website and in-branch.
    • Client Bank Accounts
    1. Client Money shall be held in one or more client bank accounts which are separate from the Company’s office bank account and which shall have the word “client” in the account name.
    2. Clients shall be advised of the client bank account name and bank address and of any applicable charges and interest.
    3. Client Money received shall be banked promptly and in any event within < <3>> working days.
    4. Client Money due to be paid to the client shall be transferred to the client promptly.
    5. Clients will be provided with regular statements of income and expenditure and shall be entitled to inspect invoices and receipts on request.
    6. The Company shall ensure that appropriate accounting systems are in place, including arrangements for < > reconciliations and annual audits or inspections.

    This policy has been approved & authorised by:

    Name:

    Mohammed Athar Rashid

    Position:

    Owner  Mohammed Athar Rashid  T/A Property Trader Nts Letting And Sales  

    Date:

    14/06/2019