Newsroom Special - Letting agents risk £5000 fine for attempting to charge tenancy fees
Friday, May 31st, 2019 - 4 minutes
From the 1st June 2019, it will be illegal for letting agents and landlords to charge tenancy fees. However, almost half of Brits are anticipating rents to soar as a reaction to these legal changes.
With the average tenancy fee bill costing £400, the government’s pledge aims to make the property rental market fairer and more affordable for tenants. However, despite the ban entitling tenants to reduced rental costs, just 41% of the UK are currently aware of the impending regulation change, while 30% are sceptical over how they will benefit.
To discuss the Just Landlords research further we were joined by property and housing expert, Rose Jinks: