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A ban on letting agents charging fees to renters

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A ban on letting agents charging fees to renters

Letting agents will no longer be able to charge renters fees, for example when they sign a new tenancy agreement. This will stop tenants being hit with fees averaging £223 per tenancy.

The government will consult on this in due course.

Will this make renting more affordable or will this mean an increase in rent?

Agents say that by banning these fees they will push the costs onto landlords.

This means that in time these costs will be felt by tenants, even though this will be spread over duration of the rental contracts rather than as an up-front cost.