Ban on letting agents’ fees may have a sting in the tail

23 November 2016

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Russell Gardner, Head of Real Estate at EY, comments:

“The private rent sector has a critical role to play in the UK’s housing landscape and banning agents from charging tenants letting fees has popular appeal. It may, however, have a sting in the tail with landlords increasing rents rather than absorbing agents’ costs. Given the lack of housing supply and other recent measures aimed at buy to let landlords there is a real risk here that tenants will end up picking up the bill again.”