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Government action to end letting fees - England Only

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Government action to end letting fees - England Only

 

A new government bill to ban letting fees across England is set to save tenants millions of pounds and make the market fairer and more transparent.

 

Unexpected letting fees and high deposits can cause a significant affordability problem for tenants and are often not clearly explained – leaving many residents unaware of the true costs of renting a property.

 

Introduced into Parliament today (2 May 2018), the Tenant Fees Bill will bring an end to costly letting fees and save tenants around £240 million a year, according to government figures.

 

The Bill will also give tenants greater assurances that the deposit they pay at the start of the tenancy cannot exceed 6 weeks’ rent.

 

READ MORE HERE: https://www.gov.uk/government/news/government-action-to-end-letting-fees


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