Harringay, Haringey - So Good they Spelt it Twice!
Letting Fees to be banned!
Apparently the Chancellor's Autumn statement will include the outright banning of letting fees. Given what they are used for, to buy insurance to cover rental payments, I think that estate agents should consider themselves lucky there is not some PPI style claw back as there was with high street banks doing the same.
Tags for Forum Posts: letting, letting fees
Replies to This Discussion
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Permalink Reply by matt on
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This change in policy was brought about by a petition on change.org
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Permalink Reply by John McMullan on
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And the Lib Dems, and the CAB and Ed Milliband. All ignored for years until something snapped. Corbyn Effect?
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Permalink Reply by Liz on
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Citizens Advice and Shelter have run campaigns on this including evidence gathering and the writing of reports. These large organisations have a seat at the very top tables of government and will have brought this about through hard lobbying and strong evidence gathered through social media campaigns, focus groups and client evidence.
Nice to think petitions and the "fear of Corbynism" can bring governments around but in fact most policy change comes from well run research and campaigns by trusted non-government orgs. How do I know this? I regularly attend meetings where CAB staffers outline their campaigns and how as stakeholders they are able to persuade ministers to adopt or change policies - see also payday loans which was spearheaded by Stella Creasy based on CAB evidence.
Only on rare occasions do governments respond to direct action from the public - see Turkey where women marched against a terrible change to child rape laws or Poland where women (again) marched against a change to abortion laws.Maybe if we'd all taken to the streets over the IP bill we wouldn't now have some of the most draconian surveillance powers given to gov being made law. Thanks Jeremy.
I'm struggling to think of a change brought about by a petition alone in recent times. Not even the Chartists managed it and they had a very big petition.
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"Only on rare occasions do governments respond to direct action from the public" - millions of people marched against the government's proposed invasion of Iraq and that never... oh wait, sorry, as you were.
You basically need to have photographs and evidence of politicians doing really naughty/hypocritical things or donate large amounts of money. So I'm wondering what happened this time around.
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I imagine it's quite simply a change of boss at the Exchequer. Osborne was fixated on home ownership but Hammond seems more of a pragmatist who is less afraid of upsetting vested interests. Moreover, Scotland already bans these charges so Hammond can see the benefits. Sometimes those in power who are nervous of changes can be persuaded by examples from elsewhere.
[ Who would be doing the blackmailing to get this change?! Or donating (because I bet if that were the case Foxtons and its backers would have had a whip round). ]
Most of the time policy changes are due to the dogged determination of campaigners and and we should celebrate when they are successful.
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Permalink Reply by Finsbury Park Ranger on
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Rents are going to go into another orbit though. The new tax the government is trying to extract on rental property is kicking in April 2017. Also the multi buy to let landlords must present their whole portfolio to be analysed by banks to get just one new mortgage, which would allow the banks to charge more interest and maybe fee's.
If house prices dip or stagnate and no new buyers come online and more people want to rent, it could get even worse
i expect rents right now will actually look really cheap when we look back in a couple of years time.
I bet May is planning rent controls for 2019 as a populist move.
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It doesn't follow at all. Unlike renters, landlords can shop around for agents and use online services - agents need landlords and it would be very poor business sense to transfer those practices to their clients. Even the Daily Mail agrees (although to be fair, This is Money journalists are quite levelheaded compared to the rest of the screaming xenophobes that work there)
"Landlords can avoid becoming the villains of the tenants fee crackdown" http://dailym.ai/2gizuyq via @ThisIsMoney
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