Thursday, May 8, 2014
Even more breaking good news.
Labour are to call a vote in the Commons in an attempt to ban letting agents from charging fees to tenants. Party leader Ed Miliband said people who buy a house are not charged fees by agents, but people who rent are. He said Labour was "determined to stand up for generation rent" and deliver an "immediate financial benefit" to people who do rent. The Association of Residential Letting Agents said it was "deeply concerned" by Labour's proposals. The challenge we have today is an unregulated market and a worrying lack of supplyÃ¢Â€Â Labour will table its proposal as an amendment to the Consumer Rights Bill in the Commons on Tuesday. Under the party's plans estate agents would no longer be able to charge a letting fee for renting out properties.