Generation Rent Calls For Ban On “Rip-Off” Lettings Fees

Letting agents are exploiting a “captive market” when it comes to the fees they charge to tenants, says Generation Rent, prompting the campaign group to urge the Government to ban them. The organisation says its research into more than 700 agents from across the country has thrown up wide variations in fees charged for what are “essentially standard services”. In the organisation’s view, this “indicates that many letting agents are charging disproportionate fees to a captive market”. With the Government failing to cater for an ever larger renter population paying ever higher costs, tenants are taking improving the housing market into their own hands, the organisation said. Read more on the Housing Excellence website.