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geezer466

Agency Letting Fees

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Shelter is calling for an end to letting agency fees, as our investigation shows that letting agency fees could be pushing renters into debt.

Not before time they are raising awareness with a view to getting Government to legislate.

The behaviour of some of these shysters in beyond reproach particularly as they have renters by the short and curlies. People are being forced into debt because of it.

Sign the petition, get the word out.....

http://england.shelt...gn_our_petition

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Shelter is calling for an end to letting agency fees, as our investigation shows that letting agency fees could be pushing renters into debt.

Not before time they are raising awareness with a view to getting Government to legislate.

The behaviour of some of these shysters in beyond reproach particularly as they have renters by the short and curlies. People are being forced into debt because of it.

Sign the petition, get the word out.....

http://england.shelt...gn_our_petition

How about introducing a maximum amount the agent can charge a tenant in fees (during the application process), something along the lines of 10% of the monthly rental amount.

Ban on further fees during the tenancy i.e. renewals etc. 10% max fee if the tenant wants to change it i.e. add or remove a tenant.

Make it a criminal offence to charge more or try and get around it.

Edited by DEATH

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How about introducing a maximum amount the agent can charge a tenant in fees (during the application process), something along the lines of 10% of the monthly rental amount.

Ban on further fees during the tenancy i.e. renewals etc. 10% max fee if the tenant wants to change it i.e. add or remove a tenant.

Make it a criminal offence to charge more or try and get around it.

Yes, all they need to charge is GBP50. For that, an agency can get a credit check and pay for the printing and docs. But in any case, why should they be able to charge the tenant a penny, when they already charge the landlord and make a packet on that? Most businesses have to pay for credit checks out of their own wedge, who's ever heard of making a customer pay for their own credit check? And they don't just charge for that (which is about 20 quid or less) but hundreds more for every nonsense they can think of.

Edited by inflating

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Excessive letting agent fees are the only thing keeping most estate agents above water.

The catch is the landlords can shop around for the best deal, Tennant's have to go with whoever the landlord chooses.

Without a law change, eventually the Tenant will be paying all the fees. In fact taken to it's ultimate conclusion, the LL will end up getting a kickback, and the Tenant screwed.

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Excessive letting agent fees are the only thing keeping most estate agents above water.

The catch is the landlords can shop around for the best deal, Tennant's have to go with whoever the landlord chooses.

Without a law change, eventually the Tenant will be paying all the fees. In fact taken to it's ultimate conclusion, the LL will end up getting a kickback, and the Tenant screwed.

Google "Spark Energy" to find a standout example of exactly that behaviour. Set up by Estate Agents, they offer kickbacks to LLs via gents to sign up while their property is empty, so they are the default supplier while a new tenant switched to their preferred provider. Except, they are a ripoff, and the process takes far too long, and sometimes (incredibly, presumably unenforceable) there are contract clauses restricting the tenant from moving suppliers.

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  • 241 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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