Really? Around half of agents back fees ban, survey suggests

Really? Around half of agents back fees ban, survey suggests


Todays other news
Rental growth on renewals rose faster than new lets last...
Demand in the rental sector is cooling as more tenants...
More will spend longer in emergency homeless accommodation - claim...
77% of British students choose HMO accommodation over PBSA...
Growth Capital Partners has signed a binding agreement to invest...


A survey of letting and estate agencies suggest around half broadly back the changes to the private rental sector outlined in the Queen’s Speech – including a ban on letting agents’ fees.

 

The survey – conducted for software company Goodlord – spoke only to 130 agents across the country. 

 

Only 42 per cent felt the current process of securing a rental property was understood by tenants while just under half – 49 per cent – felt the current lettings process was efficient.

 

However, when asked about specific measures over half of agents backed a ban on agents charging administrative fees to tenants for moving into a property or renewing a tenancy, and a cap on the size of deposits.

 

There was also a stark regional divide with agents in London and the South East the least likely to regard the current process as efficient or fair. 

 

 

Other measures apparently backed by substantial numbers of agents included a cap on rent rises so they do not exceed inflation (backed by 47 per cent) and on compensation for private tenants evicted through no fault of their own (42 per cent). 

 

Around 35 per cent felt tenancies should last for three to five years as a minimum. 

 

The research, conducted in May this year, also interviewed 1,000 tenants. 

 

It found that there was deep mistrust of landlords by tenants, with only a third of tenants having a “great deal of trust” that their landlord will fix things in good time, keep rent increases to reasonable levels or return their deposits.

 

The survey also shows that younger tenants under 35 feel particularly vulnerable to poor treatment from landlords.

Share this article ...

Join the conversation: Login and have your say

Want to comment on this story? Our focus is on providing a platform for you to share your insights and views and we welcome contributions. All comments are screened using specialist software and may be reviewed by our editorial team before publication. Letting Agent Today reserves the right to edit, withhold or delete comments that violate our guidelines, including those that harass, degrade, or intimidate others. Users who post such content may be banned from commenting.
By commenting, you agree to our Commenting Terms of Use.
7 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
Recommended for you
Related Articles
Demand in the rental sector is cooling as more tenants...
More will spend longer in emergency homeless accommodation - claim...
The Bill looks likely to become law by the summer...
That’s the claim by industry supplier Reapit...
It now progresses to the so-called Report Stage....
The BoE has come to a decision on interest rates...
The House of Lords committee stage now continues until May...
Recommended for you
Latest Features
Rental growth on renewals rose faster than new lets last...
Demand in the rental sector is cooling as more tenants...
More will spend longer in emergency homeless accommodation - claim...
Sponsored Content
With less than a month to go until the UK...
The UK government has implemented 16 financial sanctions rule changes...
The owners of the Rentman software application (for property Lettings...

Send to a friend

In order to send this article to a friend you must first login. Click on the button below to login or sign up.

No one likes pop-ups ...
But while you're here