Friday, 9 December 2016

How will Tenant Fees being banned affect the Welling Property Market?

Another week has ticked by and the fallout from the banning of Tenant Fees has calmed down a little. 

Many property owners and landlords in Welling have been asking my opinion on how I think the news from the Chancellor in his Autumn Statement will influence rents in the local area, and you can read my personal opinion in my last piece here.

As you'll have read, I am against it, and so are 99% of the estate agency industry, with most preferring a cap rather than an outright ban. But everyone has a different opinion, so what are others saying? I collect some of their thoughts below.

The online agent

Upad are a large online only agent, mainly dealing with rental stock. So what do they, and specifically their owner, have to say? Bizarrely they are in favour of the ban? And the CEO's comments make it sound like good news for tenants. I guess only time will serve to prove that that is likely to be incorrect based on the thoughts of the 99% mentioned above. Their doesn't appear a comment relating to how it will affect their client the landlord though, just something from the tenants side of the fence. Their initial piece can be found here and then their follow up can be found here ... generalising what I and my industry colleagues do considerably I might add ... here.

The Welling Landlord

Nathan Hewish, one of our bigger landlords at Danson, and a local resident, gives you his thoughts here.

and if its all getting a bit much for you?

YourBuy2Let.com give a very brief and simple overview of what might happen here.


So there we have it. You know my views, but what are yours? Feel free to comment below.

If you are looking for an agent that is well established, professional and communicative, then contact us to find out how we can get the best out of your investment property.

Email me on kevin@dansonpropertyservices.com or call on 020 3397 4499. If you are in the area, feel free to pop into the office – we are based on 116 High Street, Welling, Kent, DA16 1TJ. There is plenty of parking and the kettle is always on.

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