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Consultation on banning letting agent fees

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  • Consultation on banning letting agent fees

    Not sure if this has already been posted, though I did look search for one but couldn't find anything.

    The Government has opened up a consultation on the proposal to ban letting agent fees that must be paid by tenants - I know I will be giving my say on this, particularly some agents who operate extortionate fees!

    https://www.gov.uk/government/consul...aid-by-tenants
    If you have a question about the voluntary termination process, please read this guide first, as it should have all the answers you need. Please do not hijack another person's thread as I will not respond to you
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    LEGAL DISCLAIMER
    Please be aware that this is a public forum and is therefore accessible to anyone. The content I post on this forum is not intended to be legal advice nor does it establish any client-lawyer type relationship between you and me. Therefore any use of my content is at your own risk and I cannot be held responsible in any way. It is always recommended that you seek independent legal advice.
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  • #2
    Re: Consultation on banning letting agent fees

    I would be against the ban, but limiting them, or making sure the charges equal good value, is better. Fees for between £ 100 and £ 300 depending on what docs need doing is fair.

    I fully understand that some overcharge, and maybe they need limiting, but, a lot depend on the fees to keep the charge % down
    crazy council ( as in local council,NELC ) as a member of the public, i don't get mad, i get even

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    • #3
      Re: Consultation on banning letting agent fees

      I personally disagree and think we should go the same route as Scotland in banning all fees and I don't particularly think that there will be a huge hike in rent, if any.

      As a worst case scenario, I would say letting agents should only be able to charge a maximum of up to £100 for the full application which would include all necessary checks, references, inventory fees etc. There are many letting agents I have come across who charge both the landlord and tenant for the same things and in effect creates a double recovery/profit for them.

      If we only banned letting agents from charging fees I suspect they will no doubt open up a loophole whereby they will simply set up a third party company and then charge for services that way, which means the ban on fees would effectively become void.

      Just my personal experience on all of this and I am sure there's others out there who may feel differently, I just hope the government will follow through with the ban, or at the very least put a reasonable cap on fees.
      If you have a question about the voluntary termination process, please read this guide first, as it should have all the answers you need. Please do not hijack another person's thread as I will not respond to you
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      LEGAL DISCLAIMER
      Please be aware that this is a public forum and is therefore accessible to anyone. The content I post on this forum is not intended to be legal advice nor does it establish any client-lawyer type relationship between you and me. Therefore any use of my content is at your own risk and I cannot be held responsible in any way. It is always recommended that you seek independent legal advice.

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