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Autumn statement, letting agent fees

Commenting on the proposed ban on letting fees in England, Head of Lettings at Shrewsbury based, Balfours, Charlotte George, MARLA, says: “This is disappointing, as we don’t believe the ban on fees will help tenants. We are yet to see how the proposal will be rolled out, but essentially landlords will seek to recoup the letting fees through increased rental charges.

“These fees enable agents to carry out various critical checks on tenants before letting a property. At Balfours we take a very fair approach to letting fees and where we have numerous applicants will only charge the successful applicant; whereas we are aware that some agents will charge all applicants.” 

She says to this end ARLA (Association of Residential Letting Agents) has campaigned for coherent, mandatory regulation of the sector and a fair deal to cover the significant work that agents do for tenants.

Charlotte adds: “This will be the fourth assault on the sector in just over a year, and does little to help cash-poor renters save enough to get on the housing ladder. This decision is a crowd-pleaser, which will not help renters in the long-term.”

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