Brexit may have formed the core of today’s Queen’s Speech in Parliament, but there are some measures to address some of Britain’s housing woes.
The government’s two-year legislative plan includes a Tenants’ Fees Bill, which Downing Street says will help “fix the dysfunctional housing market.”
The aim of the bill is to stop landlords and their agents demanding letting fees, and would enable tenants to recover fees unlawfully charged.
A complete ban on such fees would be very welcome to private renters, who are often charged hundreds of pounds by landlords each time they move.
The lettings market has been double dipping and making profits from both tenants and landlords simultaneously for too long
According to The English Housing Survey, the average letting fee for a tenancy is £223. But a recent Shelter report found one in seven tenants pay more than £500 in letting fees before moving into a new property.
“The new Tenant’s Fees Bill is a huge leap forward for the lettings market – an industry that has been double dipping and making profits from both tenants and landlords simultaneously for too long,” said Calum Brannan, chief executive of No Agent.