Online agency makes league table of highest/lowest te...

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25 November 2016

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Online agency makes league table of highest/lowest tenant fees

Online estate agent Urban.co.uk says it has created a league table of fees that tenants are charged by agencies in different locations across the UK.

It says it has accessed 400 agencies in total - including some online - in 150 cities and towns.

On average, it claims the five most expensive areas for tenant fees are Basingstoke on £621.67, Slough on £543.33, Cirencester on £535.00, Reading on £530.62 and Alnwick on £530.31.

In contrast the five cheapest areas on average for tenant fees are Habrough on £136.67, Worksop with £139.00, Market Harborough at £153.00, Lees on £162.98 and Newham in London charging just £164.00.

These costs include preparation of a tenancy agreement, contract fees, referencing for two people, guarantor fees.

It did not name the most expensive agencies to surface in the survey but the highest figures were up to £1,198 for an agency in Slough and £1,100 at a Basingtoke firm.

Meanwhile a statement from Purplebricks says the government’s ban on letting fees levied on tenants - which will be the subject of a consultation in the New Year - “represents a significant opportunity to further highlight to landlords the value that Purplebricks is already renowned for offering sellers.”

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- Leighton Williams
- 25 November 2016 09:48 AM
a link to the table?
Luke P

25 November 2016 10:03 AM
https://www.urban.co.uk/news/tenant-fee-research-published-in-the-daily-mirror/
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- Luke P
- 25 November 2016 10:00 AM
Habrough or Harbrough?

Also, the article lists Worksop as the cheapest followed by Cleethorpes...

- D G
- 25 November 2016 10:54 AM
Oh, so when you go to the article, you have to click on some promotional/advertising garbage to read the story, no-one making money from that then. Ban agent fees, pass income stream to landlord, rent s go up, rent controls come in, back to pre 1988 slum landlords. Enforcement of regualtion may be a better avenue to explore.