The government confirmed in The Queen’s Speech its proposal to introduce a ban on letting agent fees levied on tenants in England. DBPR asked James Robinson, General Manager of Lurot Brand to give his reactions to this policy which was announced last autumn and has been the subject of a consultation period which ended just before the General Election.
Whether you support ‘Calamity May’ or ‘Corbyn the Messiah’ is irrelevant as we are constantly let down and left baffled by the ineptitude of our politicians. James Robinson
“What we heard in the Queen’s Speech was simply more ineffectual meddling in an industry which is already punch drunk from years of government interference.
It’s a little known fact that London’s population has only just returned to the same level as that of 1939. However we have built countless more properties since the war so the government’s claim that we have a ‘Housing Crises’ is quite hysterical.
Grenfell Tower is a crisis, London Bridge was a crisis and when people start sleeping in tents in Hyde Park it will become a housing crisis. What we actually have now is the ‘first world problem’ of everyone wanting to own their own homes, or at least renting their own space.
Housing that Londoners actually need
Surely the government would be far better investing their time in producing planning policy which builds housing that Londoners actually need and not pander to Far and Middle Eastern hedge funds building developments that only attract other foreign investors.
We are seeing some of our most precious brown field sites squandered this way, with all profits remaining abroad and no tax paid here.
While this is a thorny an issue to grasp demonizing second home owners, landlords and estate agents is easy, wins votes and solves nothing.
Letting Agent Fees added somewhere else
Banning letting agent fees is akin to squeezing a balloon at one end expecting the other end not to expand – the fees will just be added somewhere else.
And seeing the suggested re-introduction of the catastrophic Home Information Packs, you would be forgiven for half-expected Window Tax and Pole Tax to be in there too.
Let’s hope The Queen is a forgiving sort because there was nothing in The Queen’s Speech worth missing Ascot for.”