Following the shock lettings fee ban announcement last week by the Chancellor, an industry Working Group have come together to help make the “political will of the Government” work.
Northwood alongside other key players in the property market are working in conjunction with representatives of Shelter, Residential Landlords Association, Greater London Authority, Ombudsman Services: Property and the Property Redress Scheme in the newly formed Fair Fees Working Group. The Group has vowed to provide data and evidence of the implications of the ban on tenants, landlords and letting agents.
In a statement following the Group’s first meeting on Friday it said that it would provide information and clarification on
- Definitions of what fees are, and what charges are;
- Reviewing the experience of a fee ban in Scotland, identifying where the process of bringing in a ban could be improved in England;
- Implications of the ban and how it will be enforced.
The Working Group is hoping to meet with housing minister Gavin Barwell to present the evidence early in the New Year and explain the implications of any ban.
Northwood is one of the largest and most recognised estate agents in the U.K. and the leading supplier of Guaranteed Rent to give landlords complete peace of mind.
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