Analysis suggests ban on lettings fees will not have major finance impact for landlords


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Private sector landlords in the UK are not facing large extra costs due to the new ban on letting agent fees with the financial impact amounting to around £25 a month on average, according to new research.

If letting agents pass on the cost to landlords it will amount to a loss of just 0.14% in returns for landlords with the ban unlikely to have a major financial impact, according to research from property classifieds site The House Shop.

It says that the average fees charged to tenants in the UK sits around the £300 mark, increasing up to £700 in some cases in London and a letting agent will typically charge a landlord between 10% and 15% of their rental income for a full management service.

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