The idea of abolishing lettings fees was first introduced by Chancellor Philip Hammond in his Autumn Statement last year. At the time, ARLA (Association of Residential Lettings Agents) hoped to persuade him to cap fees instead of banning them altogether. Sadly, the property sector’s pleas seem to have fallen on deaf ears. All three parties pledged to ban fees for tenants in their recent election manifestos, and June’s Queen’s Speech confirmed that the ban would go ahead.
Why did all the … Read more ›