Rents rising in Wales after fees ban, say tenants!

first_imgOne of the UK’s leading tenants’ organisations has revealed that rents are beginning to rise in Wales just a few weeks after the tenant fees ban began.Renters Union UK says it has strong anecdotal evidence of landlords and letting agents increasing rents to cover the lost fees following the Welsh fees ban, which went live on September 1st, and that some agents are struggling as they fight to replace lost revenue.Industry watchers will not be surprised by the organisations’ comments; ARLA Propertymark has consistently warned that the regulatory straightjacket created by the fees ban would sooner or later force up rents in both England and Wales.And Douglas Haig, vice chair of the Residential Landlords Association (RLA) and its chief in Wales, says his organisation warned the Welsh government during its consultations that rents would rise after the ban.“Fees have definitely gone up for a lot of landlords but this will not cover the loss of the agency fees for agents,” he told Wales Online.“Agents will now be conducting wholesale property reviews of their portfolios. It is likely that the people who will be the most hit by this are people who have been in a rental property for a long time as that rent has stayed static.“The two groups least likely to move are families and/or people on benefits as moving is expensive.“This means much of the cost is being borne by the people who are not moving, not just the people who are.”Read more about the fees ban.   Welsh fees ban Residential Landlords Association propertymark ARLA Douglas Haig October 24, 2019Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021 Home » News » Housing Market » Rents rising in Wales after fees ban, say tenants! previous nextHousing MarketRents rising in Wales after fees ban, say tenants!Leading renters’ union says evidence from its membership reveals rising rents as landlords and letting agents try to recoup the extra costs introduced by the ban.Nigel Lewis24th October 20190724 Viewslast_img

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