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Autumn Statement Ban on Letting Agents Fees

As you are no doubt aware, the government has announced in today’s Autumn statement that they will impose a ban on letting agents charging tenants upfront fees.

Whilst no exact details and timescales have been released yet this move will undoubtedly change the lettings market as we know it.

FCC Paragon is aware that this is a worrying time for both Letting Agents and Landlords alike and we have already taken steps to be able to offer you additional income streams to enhance your revenue in what would appear to be some uncertain times ahead. We are also working on several exciting new developments which will hopefully counteract any potential negative effects today’s announcement will have on your business and also allow you to continue to offer your landlords complete peace of mind by using our referencing services without being out of pocket.

As soon as we have clarity on the exact measures which will be taken by the government, we will review the impact on our customers and address any queries accordingly, in the meantime please do not hesitate to contact our Client Liaison team on 02392 315178

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FCC Paragon is a trading name of Paragon Scheme Management Services Ltd who is authorised and regulated by the Financial Conduct Authority. Our Firm Reference Number is 415457.

FCC Paragon is an appointed representative of Paragon Advance Limited, Firm Reference Number 304595.