Call To Freeze All UK Private Rents To Help 1m Workers At Risk Of Losing Jobs

More than a million renters in Britain risk losing their jobs in the coronavirus pandemic and should be protected by an immediate rent freeze, according to a thinktank. Calling on the government to suspend all private rents for three months as an emergency measure to protect those most at risk, the New Economics Foundation (NEF) said 1.2 million people living in privately rented homes could fall into severe financial hardship otherwise. Read more on the Guardian website.

https://www.theguardian.com/money/2020/may/04/call-for-freeze-on-all-uk-private-rents-to-help-1m-at-risk-workers-covid-19

Letting Fee Ban Will Hit Loyal Tenants Hardest

The Government’s proposed ban on letting agent fees will cost tenants who stay in properties the longest hundreds of pounds, ARLA in partnership with Capital Economics can reveal.

·         There are 4,000 jobs at risk if an outright ban is passed

·         The Exchequer is in receipt of £400m in employee taxes from letting agents

·         Some landlords expected to exit the market if they don’t inflate rents, adding to already high pressure on supply and demand in the rental sector

Read more on the ARLA website.