12 February 2019

Tenant fees bill gains Royal Assent but “does not address the structural issues within the private rented sector”

3 min read

 
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Becky O'Connor

Personal Finance Specialist

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Commenting on the news that the Tenant Fees Bill gained Royal Assent today (Tuesday February 12) and will become an Act on June 1, 2019, Becky O’Connor, personal finance specialist at Royal London, said:

“There are 4.5 million households renting privately in the UK, around 1.6 million of these are families with dependent children. Many face a lifetime of renting, so this protection from unscrupulous, unfair and unpredictable fees from landlords and letting agents will make a difference. However the Bill does not address the structural issues of increasingly unaffordable rents, a lack of supply of decent private rental accommodation or the problem of security of tenure for people who want to put down roots while renting.”

For further information please contact:

Becky O’Connor, Personal Finance Specialist

About Royal London:

Royal London is the largest mutual life, pensions and investment company in the UK, with funds under management of £117 billion, 8.8 million policies in force and 3,745 employees. Figures quoted are as at 30 June 2018.