PLANS to ban letting agents from charging tenants up-front fees will just lead to higher rents, landlords say.Under Autumn Statement proposals, agents in England would no longer be able to charge fees, for example when a new tenancy agreement is signed.It will stop tenants being stung for an average £223.The move aims to help 4.3 million households in private rental housing.But National Landlords Association boss Richard Lambert said it will “boomerang back on them”.He said agents will shift the fees on to landlords, who will have to put rents up.Richard Price, executive director at the UK Association of Letting Agents (UKALA), said: “A ban on agent fees may prevent tenants from receiving a bill at the start of the tenancy, but the unavoidable outcome will be an increase in the proportion of costs which will be met by landlords, which in turn will be passed on to tenants through higher rents.”But homeless charity Shelter said that in Scotland, where letting fees have already been removed, rental prices have not seen a spike.Campbell Robb, Shelter’s chief executive, said: “Millions of renters in England have felt the financial strain of unfair letting agent fees for far too long, so we’re delighted with… Read full this story
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Rents ‘will rise’ thanks to ban on letting agents’ rip-off fees in Autumn Statement, claim landlords have 324 words, post on www.thesun.co.uk at November 23, 2016. This is cached page on VietMaz. If you want remove this page, please contact us.