Friday, 25 November 2016

Online agency makes league table of highest/lowest tenant fees

By Graham Norwood
November 25, 2016

Online letting agency Urban says it has created a league table of fees that tenants are charged by agencies in different locations across the UK.

It says it has accessed 400 agencies in total - including some online - in 150 cities and towns.

On average, it claims the five most expensive areas for tenant fees are Basingstoke on £621.67, Slough on £543.33, Cirencester on £535.00, Reading on £530.62 and Alnwick on £530.31.

In contrast the five cheapest areas on average for tenant fees are Habrough on £136.67,  Worksop with £139.00, Market Harborough at £153.00, Lees on £162.98 and Newham in London charging just £164.00.

These costs include preparation of a tenancy agreement, contract fees, referencing for two people, guarantor fees.

It did not name the most expensive agencies to surface in the survey but the highest figures were up to £1,198 for an agency in Slough and £1,100 at a Basingtoke firm.

Meanwhile a statement from Purplebricks says the government’s ban on letting fees levied on tenants - which will be the subject of a consultation in the New Year - “represents a significant opportunity to further highlight to landlords the value that Purplebricks is already renowned for offering sellers.”

No comments:

Post a Comment