In the light of the recent ruling on the OFT vs. Foxtons case, and with The Property Ombudsman just confirming there are too many disputes over hidden agent fees – wouldn’t it be nice if one of those Great Code of Practices we hear about started requiring letting agent charges to be presented on their websites in a clear manner, too?!

If possible, not just on a separate page on agent’s website but separately on all the rental listings.

Knowing the total expence of renting the property before even viewing it would be extremely helpful for the tenant. It’s essential to know all the costs when planning the finances before the big move, seeing as the deposit and rent often make up a significant sum already.

We did a little survey among the agents we have listed on our London Letting Agents page and found that only a few have stated how much their services cost. We hope to post all the numbers on our website shortly. The most expensive letting agent fee we’ve heard about so far is £375.

The relationship between renters and letting agents could be so much better with a little more transparency.

This entry was posted on Tuesday, July 14th, 2009 at 5:16 pm and is filed under Letting Agents. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.