Tenant fees ban slammed as ‘populist policy’ that will help no one

Posted: 24/3/2017

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Only a minority of tenants want longer-term tenancies, ARLA Propertymark managing director David Cox has claimed.

Cox  said that the minority shouldn’t harm the majority seeking shorter-term tenancies.

He was speaking at the Paragon Great Buy-To-Let Debate as panellists discussed the recent Housing White Paper and proposals for longer-term tenancies.

Cox said: “If tenants wanted longer-term tenancies, the market would have reacted to it.

“Tenants don’t ask for three to five-year tenancies, they ask for six to 12-month ones.

“There is probably a tiny percentage that want longer-term. Should the majority be penalised by the minority?”

Cox backed longer-term tenancies being introduced as a condition of Build to Rent funding, as outlined in the Housing White Paper.

He also addressed the issue of the impending tenant fees ban consultations, comparing the fees to what a buyer would pay when applying for a mortgage or getting a property survey.

Cox added: “If the Government wanted to make renting cheaper, tenant fees are the tiniest slice of it. This is just a populist policy that won’t assist anybody.”

His views were echoed among audience members with one shouting out that the Government had decided on its policy on banning fees despite not yet even consulting on it.

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