Government to ban agents' fees
There’s some huge news for renters in today’s Autumn Statement. The government has announced plans to scrap all letting fees charged to tenants ‘as soon as possible.’
That means when you move, all you can be asked to pay is your first month’s rent and a deposit. No more charges for credit checks, inventories or admin fees. Those will now have to be paid by the landlord.
Unsurprisingly, when we asked SpareRoom users earlier this year whether you were in favour of this change, 92% of you said yes. Surprisingly, 75% of landlords also agreed.
Scotland already scrapped letting fees charged to tenants in 2012 – now England and Wales will follow suit, after the chancellor’s surprise announcement today.
We’ll update you when we know more about when these will come into effect. In the meantime, tell us your experiences of letting fees in the comments below.