Estate Agents Tips: What Does the Ban on Letting Agent Fees Mean for the Industry?

Estate Agents Tip: What Does the Ban on Letting Agent Fees Mean for the Industry?



There are some unscrupulous letting agents around, whose application of fees for their tenants has prompted the government to introduce a ban. But, while this has been a cause for celebration for some, agents that weren’t abusing the system are also going to see losses that they will have to make up for elsewhere.

* Amy Varle Interviews Tracy Wardle from Abode Property Management

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3 thoughts on “Estate Agents Tips: What Does the Ban on Letting Agent Fees Mean for the Industry?

  1. The problem with fees as cost tested with various charitys is that the actual costs to reference a tennant and credit check plus staff hours is about £80. Agents charge from £200 to in excess of £1500. The bill has come to play because its simply not value for money. I predict landlords with long standing tennants will go it alone so they don't loose good tennants. There is enough information out there for free to do this right and make more money for ourselves.

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