Friday, 8 February 2013

Councils Warn Of Impact of Letting Agent Rip-Offs and Rogue Landlords

Extortionate fees charged by some letting agents are exacerbating the housing crisis, local government leaders are warning.  Some letting agents have been found to be charging non-refundable admin fees in excess of £500, according to recent research.  Councils are warning that as well as being unfair on the increasing number of people who rent, letting agent fees in some areas are so high that they could be acting as a barrier to people being able to find a house or flat in the private rented sector, particularly for younger people on low incomes. Some local authorities have set up their own letting agencies to ensure tenants get a fair deal.  Read more on the Local Government Association website.

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