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Letting Fees Banned In Autumn Statement In £300 Boost To ‘Generation Rent’

Elsewhere in what is seen as a mini-Budget, the Government will offer a small amount of relief to families hit by the huge cut in tax credits, announce a rise in the minimum wage and reveal an additional £1.4 billion will deliver 40,000 affordable homes.

Gillian Guy, Citizens Advice chief executive, said:

“This Autumn Statement will see that renters are hundreds of pounds better off thanks to the ban on letting agent fees.

“We’ve been highlighting the need to get rid of these fees for some time so we’re  pleased the government has taken action on this issue.

“Fees have gone up 60% in the last 5 years with people paying over £300 to letting agents for what is often basic administration, such as checking references and running credit checks.

“There is still room to go further in helping just managing families – like looking at the cost of energy bills.”

Article source: http://www.huffingtonpost.co.uk/2016/11/22/letting-fees-scrapped-autumn-statement_n_13157328.html?utm_hp_ref=uk-politics&ir=UK+Politics