The government has introduced draft legislation to ban letting agent fees in a victory for the Liberal Democrats, who called for the change in a Private Members’ Bill last year.
Gareth Hardy, Soho and Jewellery Quarter Liberal Democrat, commented:
“I very much welcome the ban on lettings fees and the cap on deposits, which Liberal Democrats have long been campaigning for. This will greatly effect the majority of residents in the Jewellery Quarter.
“The legislation must now be looked at very closely to ensure that there are no loopholes which unscrupulous letting agents could exploit.
“The ban must include all types of fees, so that they can’t simply be renamed and still charged to tenants.
“The next steps are to address the instability of renting by introducing longer tenancies and making it easier for renters to get on the property ladder.”