+ Reply to Thread
Results 1 to 3 of 3

Thread: Consultation on banning letting agent fees

  • Share
  • Thread Tools
  • Display
  1. #1
    Join Date
    Sep 2015
    Posts
    3,306
    Mentioned
    454 Post(s)

    Default 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
    Any posts made by myself are intended as general guidance in relation to your rights and responsibilities, and does not constitute legal advice nor does it create any kind of relationship. No liability can be accepted for any losses, omissions or errors that may arise from your reliance on any advice, information or other matters published on this forum by me. Should you require legal advice, you can do so by using the Law Society's Find A Solicitor or contact your local Citizen's Advice Bureau.

  2. #2
    Join Date
    Dec 2010
    Posts
    1,645
    Mentioned
    135 Post(s)

    Default 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

  3. #3
    Join Date
    Sep 2015
    Posts
    3,306
    Mentioned
    454 Post(s)

    Default 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.
    Any posts made by myself are intended as general guidance in relation to your rights and responsibilities, and does not constitute legal advice nor does it create any kind of relationship. No liability can be accepted for any losses, omissions or errors that may arise from your reliance on any advice, information or other matters published on this forum by me. Should you require legal advice, you can do so by using the Law Society's Find A Solicitor or contact your local Citizen's Advice Bureau.

+ Reply to Thread

Similar Threads

  1. Letting Agent Dissolved
    By rizla in forum Housing, Property and Neighbours
    Replies: 1
    : 23rd July 2016, 09:07:AM
  2. Petition on banning letting agents charges
    By leclerc in forum Housing, Property and Neighbours
    Replies: 4
    : 25th March 2016, 07:17:AM
  3. Letting Agent Today – £20,000 fine for rogue letting agent
    By Legal Beagles in forum Latest News and Information
    Replies: 0
    : 19th November 2014, 10:50:AM
  4. On-going problems with Letting Agent
    By happymeal in forum Housing, Property and Neighbours
    Replies: 1
    : 4th March 2014, 16:26:PM
  5. Replies: 6
    : 9th October 2012, 13:25:PM

Posting Permissions

  • You may not post new threads
  • You may post replies
  • You may not post attachments
  • You may not edit your posts
  •  
Contact Us



© Celame (UK) Ltd 2016
Hosted by Lodge Information Services Ltd
LegalBeagles® are DPA Registered No. ZA158014
LegalBeagles® is the trading name of CELAME (UK) LIMITED ( 09220332 )
Registered Address: 25 Moorgate, London, England, EC2R 6AY
VAT registration number 206 9740 02
User Alert System provided by Advanced User Tagging v3.1.3 (Lite) - vBulletin Mods & Addons Copyright © 2017 DragonByte Technologies Ltd.
Feedback Buttons provided by Advanced Post Thanks / Like (Lite) - vBulletin Mods & Addons Copyright © 2017 DragonByte Technologies Ltd. Runs best on HiVelocity Hosting.
Celame (UK) Ltd Powered by vBulletin® Version 4.2.3
Copyright © 2017 vBulletin Solutions, Inc. All rights reserved.
TOP