Good News for UK Renters

Howdy Peeps!

You know I did that whole post about June yesterday?…. Well I found out something awesome about yesterday:

As of 1st June 2019 they have abolished check and admin fees on rental agreements!

This means renters can move more easily as it is more affordable. It’s also good for landlords (despite the extra cost to them) because it means agents will have to be more competitive in their fees so landlords shop around.

You can find the actual act here to see what they can charge now.

Also, there is a better explanation (in plain English) on the Independent’s website and, of course, Martin Lewis has a guide to it.

Basically it’s good news. They can’t charge admin fees, there are limits on deposit and holding fees and the early exit fees are limited to £50.

Just thought I’d share to help the renters out there.

Enjoy the rest of your Sunday!

Anna x

Photo by Scott Webb on Unsplash

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s