{"id":2934,"date":"2017-06-22T07:00:47","date_gmt":"2017-06-22T06:00:47","guid":{"rendered":"https:\/\/www.buyassociation.co.uk\/?p=2934"},"modified":"2017-06-22T07:00:47","modified_gmt":"2017-06-22T06:00:47","slug":"queens-speech-no-letting-fees","status":"publish","type":"post","link":"https:\/\/www.buyassociationgroup.com\/en-hk\/2017\/06\/22\/queens-speech-no-letting-fees\/","title":{"rendered":"The Queen\u2019s Speech: No more letting fees!"},"content":{"rendered":"<p><strong>During the opening of the new Parliament in London several policy suggestions from the Housing White Paper were confirmed, including the ban on letting fees.<\/strong> <\/p>\n<p>The Queen\u2019s Speech announced work on a new Housing Bill with the aim to promote fairness and transparency in the <a href=\"https:\/\/www.buyassociationgroup.com\/en-gb\/2017\/05\/12\/cash-rich-property-market-bank-mum-dad-shows-first-effects\/\" target>country\u2019s property market<\/a> and allow more homes to be built.<\/p>\n<blockquote class=\"wp-embedded-content\" data-secret=\"ch8JTmjxsq\"><p><a href=\"https:\/\/www.buyassociationgroup.com\/en-gb\/2017\/02\/07\/britains-housing-white-paper-revealed-explained\/\">Britain\u2019s Housing White Paper: revealed and explained<\/a><\/p><\/blockquote>\n<p><iframe class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; clip: rect(1px, 1px, 1px, 1px);\" title=\"&#8220;Britain\u2019s Housing White Paper: revealed and explained&#8221; &#8212; BuyAssociation Group\" src=\"https:\/\/www.buyassociationgroup.com\/en-gb\/2017\/02\/07\/britains-housing-white-paper-revealed-explained\/embed\/#?secret=jZB5WUI3V3#?secret=ch8JTmjxsq\" data-secret=\"ch8JTmjxsq\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe><\/p>\n<p>The <a href=\"https:\/\/www.buyassociationgroup.com\/en-gb\/2016\/11\/24\/brexit-property-tax-autumn-statement-everything-need-know\/\" target>ban on letting fees<\/a> is going to progress in the next Parliamentary Session, which will cover the next two years as the Queen\u2019s Speech for 2018 has been cancelled in order to give the Government the possibility to focus on Brexit. <\/p>\n<p>The speech reveals that the <a href=\"https:\/\/www.buyassociationgroup.com\/en-gb\/2017\/04\/13\/really-driving-inflation-uks-property-market\/\" target>Government hopes to create lower costs<\/a> and better rights for renters by increasing competition in the private rental sector. <\/p>\n<p>The new law will see both landlords and tenants banned from asking tenants to pay letting fees in order to secure a rental property. On top of that, the bill will also include ways for tenants to be able to recover fees they have been charged unrightfully. <\/p>\n<p>According to Government figures the average tenant fee currently lies at \u00a3223 and <a href=\"https:\/\/www.buyassociationgroup.com\/en-gb\/2016\/11\/23\/philip-hammonds-autumn-statement-expect\/\" target>Philip Hammond explained not too long ago<\/a> that 4.3m British households have to pay these fees every year. <\/p>\n<p>Housing charity Shelter, however, says that some of its research suggest at least 14% of tenants pay \u00a3500 or more in fees, with renters in the capital complaining about fees of up to \u00a32,000. <\/p>\n<p>Promises made during the speech, such as addressing unfair tenant fees and promoting fairness, transparency and prosperity in the housing market while also <a href=\"https:\/\/www.buyassociationgroup.com\/en-gb\/2017\/06\/20\/housing-needs-become-uk-government-priority-now-ever\/\" target>building more homes<\/a> are music to most investors\u2019 ears, but it\u2019s the follow-through where the Government tends to stumble slightly. <\/p>\n<p>https:\/\/www.buyassociationgroup.com\/en-gb\/2017\/05\/05\/public-opinion-divided-tenant-fees\/<\/p>\n<p>From a property perspective overall, the Queen\u2019s Speech only touched the surface and lacked some direct and active messages and guidance for the sector, like <a href=\"https:\/\/www.buyassociationgroup.com\/en-gb\/2017\/04\/20\/build-rent-developers-investors-make-three-year-tenancies-norm\/\" target>helping smaller developers<\/a> to access public land and appropriate finance. <\/p>\n<p><strong>Britain\u2019s property market, in its fundamentals, remains in very good shape. But the country is still not building enough houses to meet the ever growing demand. <\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>During the opening of the new Parliament in London several policy suggestions from the Housing White Paper were confirmed, including the ban on letting fees. The Queen\u2019s Speech announced work on a new Housing Bill with the aim to promote fairness and transparency in the country\u2019s property market and allow more homes to be built.<a class=\"excerpt-read-more\" href=\"https:\/\/www.buyassociationgroup.com\/en-hk\/2017\/06\/22\/queens-speech-no-letting-fees\/\" title=\"ReadThe Queen\u2019s Speech: No more letting fees!\">&#8230; Read more &raquo;<\/a><\/p>\n","protected":false},"author":1069,"featured_media":4293,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[2,6],"tags":[226,168,31,32,49],"acf":[],"_links":{"self":[{"href":"https:\/\/www.buyassociationgroup.com\/en-hk\/wp-json\/wp\/v2\/posts\/2934"}],"collection":[{"href":"https:\/\/www.buyassociationgroup.com\/en-hk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyassociationgroup.com\/en-hk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-hk\/wp-json\/wp\/v2\/users\/1069"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-hk\/wp-json\/wp\/v2\/comments?post=2934"}],"version-history":[{"count":0,"href":"https:\/\/www.buyassociationgroup.com\/en-hk\/wp-json\/wp\/v2\/posts\/2934\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-hk\/wp-json\/wp\/v2\/media\/4293"}],"wp:attachment":[{"href":"https:\/\/www.buyassociationgroup.com\/en-hk\/wp-json\/wp\/v2\/media?parent=2934"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-hk\/wp-json\/wp\/v2\/categories?post=2934"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-hk\/wp-json\/wp\/v2\/tags?post=2934"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}