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Letting Fees Ban Postponed Until Spring 2019

Posted on February 1st, 2018

The Ministry of Housing, Communities and Local Government has issued a statement that the letting fees ban will not come into force until at least spring 2019. It has said that the period before the implementation of the ban will take at least 15 months as the current draft Tenant Fees Bill has to undergo pre-legislative scrutiny before it can be passed.

Industry experts have been concerned that the ban would cost sector jobs, make buy-to-let investments less attractive and would ultimately result in costs being passed on to tenants.

The Government hope that the ban will ease the financial pressure on private renters whilst making the lettings market more competitive and transparent.

The draft Tenant Fees Bill can be viewed here; https://www.gov.uk/government/publications/draft-tenants-fees-bill

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