A number of MPs were present to witness the launch of a new Association of Residential Letting Agents (Arla)-led letting agent scheme this week.

Housing minister Iain Wright was one of the politicians present, who commended the initiative.

The aim of the campaign is to ensure letting agents uphold the highest standard when dealing with tenancy agreements and other property management issues.

It has also been established to try and stop unethical practice among letting agents.

Mr Wright said: "Many residential letting agents operate with great professionalism and there are already ways of seeking redress when these standards haven't been met, but we have to go further."

The Arla-led scheme will "promote greater professionalism"and boost consumer confidence in the UK, he added.

In a separate statement, Arla indicated that one of the main reasons the initiative has been implemented was because consumers lose hundreds of thousands of pounds every year due to unethical letting agent practices.

Written by Claire DoyleADNFCR-2002-ID-19155630-ADNFCR

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