Which? Magazine says Letting agent fees are sneaky

sneaky fees petition has attracted just over 120,000 signatures

Which? has named letting agent fees charged to tenants as one of four fees that should be banned, as part of its ‘sneaky fees’ campaign.

The others are fees for tickets that you print yourself; BT’s ‘cessation’ charge; and mortgage exit fees.

Of letting agent fees, Which? says that these can be as much as £500, or £300 outside London.

It says that given that landlords general pay admin costs too and that a comprehensive credit reference check costs only £30, “it’s hard not to assume that some firms are simply profiteering”.

Which? argues: “These fees transfer costs to tenants. Landlords already pay letting agents and can recoup this expensive in the rent they charge.”

Its sneaky fees petition has attracted just over 120,000 signatures.

Written by: Houseladder