UK Government will ban Landlords

from Charging Fees to Tenants

Announced in The Queen’s Speech, so it’s now official!

By Tony Coe, Founder & CEO of Saunders 1865, tony.coe@saunders1865.com

 

I am pleased to tell you that the long-running campaign on behalf of all UK tenants was successful.  The Draft Tenants' Fees Bill, outlined in the Queen's Speech, bans landlords and their letting agents from requiring tenants to pay fees (on top of the rent) as a condition of their tenancy. 

The campaign included renters protesting in the streets and outside letting agents’ offices.  Many of our clients, including global brands, sent submissions to the government in support of the ban during the consultation process.

Measures to enforce the ban would enable tenants to recover fees which have been unlawfully charged.

For renters, this is great news.  It will save our clients, and renters everywhere, hundreds of pounds per transaction – money that should never have been extorted from renters by agents who have been “double-dipping” by charging both landlords and tenants for the same services – services that the landlord needs in order to rent out the property.  For example £300 plus for printing out a few standard documents!

I hope that letting agents throughout the UK will immediately cease demanding fees from renters and I am unimpressed by the continued whining from ARLA, the trade body that represents agents, who claim that jobs in letting agencies will be lost as a result.  Drug dealers could mount a lame argument along similar lines!

We are yet to see the detail around this ban.  I certainly hope that it will not leave any wriggle room that allows agents to continue this extortion in any form whatever.

In the meantime, it is more important than ever that renters should seek professional advice before paying over any money to landlords/letting agents or before signing any documents.

This is an important issue for my team at Saunders 1865 because we help corporate employers move their employees from all over the world.  Many of these moves are into the UK so our clients have a major interest in seeing that all renters are treated fairly.

If you are being moved internationally, or if you’re responsible for relocating people globally, you should explore the concept of VIP-level relocation support.

Arrange a free consultation today with one of my relocation experts by using this contact form