Property News · November 26, 2016

Will banning letting agency fees lead to higher rents? We ask the experts


With England joining Scotland in outlawing extra charges for tenants, opinion is split on what the effect will beSo will the ban on lettings agents charging fees to tenants push rents up? That’s the question many renters will be asking after the government’s autumn statement announcement.The good news is that this is more than a proposal: the chancellor, Philip Hammond, said ministers “will” bring in a ban, which means that tenants will no longer have to pay fees that can run into the hundreds when they sign a new tenancy agreement. But some felt there was a worrying lack of detail – Hammond merely said it would happen “as soon as possible”, while the Treasury said the government “will consult on this in due course”. So it’s far from clear when the fees will be outlawed. Continue reading…

Source : theguardian.com
Read more…Will banning letting agency fees lead to higher rents? We ask the experts

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