Tenant fees ban to cost between £77m and £274m

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It has now been announced that the Tenants’ Fees Bill is now formally starting its progress through Parliament and is due to be implement in Spring 2019.

An impact assessment of this ban on charging tenants fees has estimated it will cost letting agents between £77 and £274 million in the first year and lead to job losses in the industry.

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New housing secretary appointed after Sajid Javid move

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Housing Changes:

There are concerns about continuity after yet another change at the recently re-formed Ministry of Housing, Communities and Local Government (formerly the Department for Communities and Local Government), its stated aim being to “create great places to live and work, and to give more power to local people to shape what happens in their area.�

After yet another very short tenure Sajid Javid passes on the housing baton to James Brokenshire at what is a crucial time for the housing and rental sector.

James Brokenshire’s challenge is to build on the start that Javid made before his sudden move to the Home office. He must now raise the profile of housing in government and implementing policies which will effectively tackle the housing shortage.

The Former Northern Ireland secretary James Brokenshire returns to government after a serious illness, and is now promoted to the Ministry of Housing, Communities and Local Government. Before the Northern Ireland post, Mr Brokenshire had served as a minister at the Home Office.

A former lawyer and partner at the law firm Jones Day, Brokenshaw became Conservative MP for Old Bexley & Sidcup in May 2010.

Mr Brokenshire has said he is “honoured� to take on the role as Housing Secretary and he was looking forward to “taking the government’s agenda forward especially on building the homes our country needs�.

National Housing Federation chief executive David Orr said of Sajid Javids’ time that “real progressâ€� had been made in housing giving his successor “an important platform to build on.â€�

Others expressed concerns about the number of ministerial changes in housing but are hoping that James Brokenshire can “buck the trend�, by providing some stability to the government’s housing policy and this time, see through the much needed reforms.

Brian Berry, chief executive at the Federation of Master Builders, said: “Sajid Javid passes the housing baton to James Brokenshire at a crucial time for the sector. We hope that Brokenshire will build on Javid’s good work, both in terms of raising the profile of housing as an issue at Cabinet level, and implementing some sound policies aimed at tackling the housing shortage.�

Johnny Caddick, managing director at Real Estate Management and Development Company Moda Living Limited had said:

“Sajid Javid oversaw the biggest policy shift towards the rental sector we have ever seen. James Brokenshire must also focus on making renting aspirational.�

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Tenant Fees Bill will cost landlords £82m

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The new ban on tenants fees will cost landlords £82.9million in the first year, it was revealed today, with letting agents paying £157.1m. The figure was included in the Government’s official response to the HCLG Select Committee’s report on the draft Tenant Fees’ Bill. The full response, which has been published here, includes an impact assessment stating: […]

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Tenants fee bill ‘a missed opportunity’

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Government plans to ban fees paid by tenants entering into new rented housing is a missed opportunity to make quicker and more lasting improvements in the rental market. The Tenant Fee Bill, published today, will take months to become law and then a considerable time to implement. The RLA argues much quicker changes could and […]

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Forum Spotlight: Should I rent to student who has no guarantor?

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A landlord posted in our Forum recently asking for the advice from our other landlords on our Forum about whether they should let a property out to a group of students, one of whom does not have a guarantor. The student in question has retired parents, but they do not want to stand as guarantors. […]

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Tenant hoarder leaves landlord in a financial crisis

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Ex-social worker and professional landlord of 30 years, Leslie-Ann Franklin, is facing having to sell the rental property she lives next door to in March, Cambridgeshire, after a complex case involving an extreme hoarder has left her in financial ruin. 

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Axe The Tenant Tax

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Axe The Tenant Tax was a campaign set up by landlords Chris Cooper and Steve Bolton.

The main purpose of the campaign was to raise awareness of a new form of taxing businesses, but applied only to individual landlords.

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Call of the week: Right to Rent

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There are many ways for our members to get answers to their questions, with unlimited advice available over the phone, by emailing a question in or by using our live chat service. This week a landlord emailed our Landlord Advice Team a question about Right to Rent. Like many people, they had been following the […]

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This is what’s happening to your money

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Dear Chancellor,

Thank you for your email asking for my support in the local government elections.

Unfortunately having been a Conservative Party voter for 40 years I can no longer support it. Either locally or nationally.

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Funding More Billboards

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The billboard that Property118 member David Heard paid for out of his own pocket, out of pure frustration, has caused quite a stir here on Property118 and also on Social Media (Facebook in particular).

Several members have suggested we start a Fundraiser to pay for more of these

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