Ban on letting fees a ‘crowd-pleaser’ says ARLA boss
David Cox, the managing director of the Association of Residential Letting Agents (ARLA) has branded the impending announcement from the Chancellor that letting fees are to be banned in England as a ‘draconian measure’ and a ‘crowd-pleaser’ that will have a profoundly negative impact on the rental market.
Currently tenants can be charged fees for a range of services, such as referencing and credit and immigration checks.
In his Autumn Statement to be delivered this afternoon, Philip Hammond will say that shifting the cost to landlords will save 4.3 million households hundreds of pounds.
Full story available from BBC News: http://www.bbc.co.uk/news/business-38065249