Tuesday, 28 March 2017

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.

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