Am sure you have seen this in the press in the last few days.
It was announced in the Queen's Speech last week that a new raft of legislation will determine what letting agents can charge.
I have read reports in City A.M, the Standard and few if any financial journalists see a problem.
Surely it is the job of the free market and competition to determine the market rates?
If one agency charges too much, you simply shop elsewhere.
Last I checked no single agency had a monopoly in the market.
Fair enough, I am just throwing out some contra arguments to stimulate debate but for not one single paper (I believe) to make the free market point is just frankly odd.
Do you agree?
Landlords and letting agents are to be banned from charging tenants more than one month's rent as a deposit. The move was announced in the Queen's Speech last week as part of government plans to make the home rental market more affordable and competitive.