Labour Party to force vote in an attempt to ban letting agent fees
May 9, 2014
Following on from setting out Labour’s policy aspirations for the Private Rented Sector Ed Miliband is going to force a vote in the Commons in an attempt to ban letting agent fees.
The proposal will be tabled as an amendment to the Consumer Rights Bill that is set to be voted on in the Commons this coming Tuesday (13/05).
This move is a shock to many in the industry and has been roundly condemned by leading industry bodies as being ‘short sighted’ and a ‘knee-jerk reaction’.
The Association of Residential Letting Agents (ARLA) has said that it is “deeply concerned” by Labour’s proposals with Ian Potter, Managing Director of the ARLA, stating that “Political posturing on an issue that has such a great impact on people’s lives is unfair.”
PRSupdate will be keeping a close eye on the situation as it continues to unfold.