For agents on a lettings only membership package, the scheme allows deferrals of £150 each month for six months or £250 each month for three months.
The scheme will be regularly reviewed to assess its suitability over the coming months.
Rightmove’s Agency and New Homes Director David Anderson said: “As we enter a period of the unknown, at this stage we hope this payment deferral scheme will help to reduce some of the negative impacts. To help agents looking for practical advice we’re also running a series of webinars with industry experts on subjects from working at home through to legislation in the current environment and managing mental health.”
Rightmove will check a number of things when agents apply for the scheme. Some of the criteria will include:
Larger agents may also be able to access a similar scheme based on the same qualification criteria, but this will also be dependent on their existing agreement.
Edited by Gordana Davila