LONDON COUNCIL URGES THE GOVERNMENT TO MAKE MEASURES TO END LETTING FEES FOR PRIVATE RENTERS
- 31 Jul
Hackney Council has urged the government to make necessary measures to end letting fees for private renters.
The London council say urgent action is needed because the government has not provided "a clear timescale to introduce its own measure", Letting Agent Today, reports.
Last year, the government had announced that there would be a ban on letting fees like charges for signing new tenancy agreements, in England.
According to Hackney Council:
- The 32,000 private tenants in the borough pay an average of £400 in letting fees per tenancy
- Many pay an average of up to £500 in letting fees, per tenancy
- A two bedroom home in Hackney costs an average of £1,820 per month
- The average price of a two bedroom home in Hackney costs more than £300 above what it did in 2011
What do you think?
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For more details, visit Letting Agent Today.
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