Property News · September 16, 2016

Will internet firms open the door to lower letting agent fees?


The huge cost of using high street firms hits both landlords and tenants. But now there’s an alternativeLandlords hand over as much as a fifth of their rent to letting agencies to look after a property, while tenants have to fork out a further £300 each. So should landlords be ditching the pricey high-street letting agents in favour of a raft of new online alternatives that promise to slash such costs and even axe fees to tenants altogether?No Agent is the latest firm to launch, claiming it will save a typical landlord £1,600 in the first year, and leave tenants £337 better off. It joins a number of other online players such as Upad, easyProperty, Purplebricks and Rentify. Continue reading…

Source : theguardian.com
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