They have been creeping into the residential sales market
for some time, so it may come as no surprise they are now hitting the lettings
sector: upfront reservation fees that tenants are being asked to pay for their
application for a property to be processed.
Guardian Money has been contacted by one couple trying to rent a house
in the Midlands, who are furious after being forced to hand over a £250
reservation fee to a local lettings agent Northwood. Thinking this had secured
the property subject to the usual checks, they later learned that the agent had
also taken a reservation fee from another potential tenant. They were told it
would then be up to the landlord to decide who they wanted to rent to. Read
more on the Guardian website.
Eight in 10 homes in London’s poshest postcodes now sell below asking
price, Coutts finds
-
Sellers in areas such as Belgravia and Mayfair face hundreds of thousands
of pounds in losses as property prices fall
Eight out of 10 properties in Londo...
9 hours ago

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