Autumn Statement 2016: Lettings agent fees will be banned

Autumn Statement 2016: Lettings agent fees will be banned
 

Lettings agents will be banned from charging fees to tenants under plans to be announced by the chancellor in his Autumn Statement.
Tenants can be charged fees for a range of administration, including reference, credit and immigration checks.
Philip Hammond will say that shifting the cost to landlords will save 4.3 million households hundreds of pounds.
The move could spur competition as landlords, unlike tenants, can shop around for the cheapest agent.
In Scotland, lettings agency fees to tenants have already been banned.
In England and Wales since last year, lettings and managing agents... read more

 
23 November 2016 in Business, Views: 42
Source: BBC
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