Tenant fees ban bill gains Royal Assent

The Tenant Fees Bill has passed its final reading at the House of Commons, meaning that it will soon gain Royal Assent and become an Act of Parliament.

The Bill states that from 1 June 2019, agents will no longer be able to charge fees to set up or renew a tenancy in the private rented sector.

In addition to this, security deposits will be capped at five weeks’ rent, amended from the originally touted amount of six weeks’ rent.

Arla Propertymark chief executive David Cox comments: “The tenant fees ban is now an inevitability, and agents need to start preparing for a post-tenant fees world. Following its passage in the House of Lords last week, this afternoon the Tenant Fees Bill passed its final hurdle in the House of Commons.”

Citizens Advice chief executive Gillian Guy adds: “This is a landmark moment for the millions of people who rent privately.

“For too long families and other renters have had to hand over hundreds of pounds on unfair and uncompetitive letting fees every time they moved home.

“We look forward to working with the government to do even more to strengthen the hand of the growing number of renters in a market where they have little bargaining power.”


Rethink: industry objections to Treasury’s original proposals for regulation in the private rented

Shelter calls for new consumer regulator for tenants

A new report from homeless and housing charity Shelter entitled “A vision for social housing” includes a recommendation to form a consumer regulator for private tenants. While the focus of the report is on the social housing sector, Shelter dedicates a chapter to reforming private renting, which the charity says is of the upmost importance, […]

Rethink: industry objections to Treasury’s original proposals for regulation in the private rented

Tenants’ deposit cap confirmed

The government has confirmed that deposits on a rented home will be limited to five weeks’ rent instead of six. Mortgage Strategy reported this morning that the deposit cap reduction was likely to come into effect – and landlords aren’t happy. The move has been announced as part of the Tenant Fees Bill and is a […]

Why we all need to back the housing underdog

The UK loves an underdog. There is something irresistible about the story of the little guy standing up to the established players and leaving them with a bloody nose, whether it is Henry Cooper putting Muhammad Ali on the mat or the Wallabies trouncing the Kiwis in rugby. At the Conservative Party conference, LendInvest championed […]


News and expert analysis straight to your inbox

Sign up