The Government has laid out proposals for a ban on letting agents’ fees for tenants, which they hope will make the rental market more competitive and more affordable for renters.

The plans also prohibit tenants being charged any additional fees from third parties, as well as letting agents.

Housing Minister Gavin Barwell, said: “We’re determined to make all types of housing more affordable and secure for ordinary working people.”

He continued: “Our Housing white paper sets out other ways we will help those renting, including building more homes for rent and providing longer, family friendly tenancies.”

A consultation is now underway, as the government discusses the proposals and how effective each will be in making movement within the rental market easier and fairer for tenants.

The proposed letting fees ban is just another change in a series of measures introduced by the government in recent years.

Meanwhile, it has just been announced that local authorities will receive new powers to fine rogue landlords up to £30,000.

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Mortgage Strategy