How much will the impending fees ban cost you?
Tenants’ repairs reporting service Fixflo has launched a new free tool, the Letting Fees Ban Calculator, available online now.
All users need to do is enter information such as the number of properties they manage, the average length of tenancy and their average letting fee in order to see how much they rely on letting fees.
Rajeev Nayyar, Fixflo’s managing director, said: “The letting fees ban is dominating industry discussion, with many agents unsure of how it will affect them in the event of the ban going ahead, as it now looks as though it will do.
“Our calculator has been designed to give them a good idea of how to begin planning for the future today.”