The second reading of the Tenant Fees Bill is due to be heard on Monday – and ARLA Propertymark has attempted to rally all its members to lobby their MPs.
In a prepared briefing issued yesterday and to be used by member agents, MPs are being told that jobs will be lost in the lettings sector and that the services provided by letting agents will be reduced.
The briefing also says that a ban will not make the market fairer for tenants or make the sector more competitive, as some agents will be driven out of business – thus providing less choice.
The briefing says that a ban will result in those agents that remain being more choosy about tenants.
According to ARLA, 90% of agents think that a ban will result in higher rents. The paper suggests that rents will rise £103 a year on average, as a direct result.