ARLA The Association of Residential Lettings Agents has announced that ban on letting agents charging tenant fees is a ‘crowd-pleaser that will not help renters in the long term.’ ARLA have campaigned for a coherent, mandatory regulation of the sector and a fair deal to cover the significant work that agents do for tenants. In their statement released this morning they go on to explain;
‘A ban on letting agent fees is a draconian measure, and will have a profoundly negative impact on the rental market. It will be the fourth assault on the sector in just over a year, and do little to help cash-poor renters save enough to get on the housing ladder. This decision is a crowd-pleaser, which will not help renters in the long-term. All of the implications need to be taken into account.’
The Chancellor is just about to speak; we will be listening with interest………….