Tenant Fee Ban – Your Options

August 15, 2018

Let’s make no bones about it. When the Tenant Fee Ban comes into force you WILL:

  • See a DROP in your income and profits
  • Achieve LOWER service levels
  • LOSE more landlords

So what are your options for overcoming the challenges faced by letting agents?

Options Pros Cons
Sell up Quick cash injection Your business ceases to exist and you’re locked out of lettings for 2 years+
Increase your fees Make up for lost revenue and maintain income or mitigate impact Risk landlord loyalty and damage your brand
Cut staff Operate more leanly Drop in service levels
Merge with other agents Achieve economies of scale Lose control and brand identity
Outsource to ARPM Save time

Save money

Improve service levels

Grow your business

 None – contact us: 01923 775705

 

At ARPM, we provide a COST-EFFECTIVE solution that’s EASY TO IMPLEMENT and allows you to MAINTAIN CONTROL of your lettings business.

Here’s why hundreds of agents have looked to us to support them in overcoming challenges and excelling in lettings.

Stephen, Oxfordshire, 2-branch agent

“When the Tenant Fee Ban was announced, we were worried that the drop in income would lead to a drop in service levels. With landlords leaving the market, as well as increasing competition, we needed to consider our options.

Having now worked with ARPM for the last 18 months, I can honestly say that outsourcing was a great option for us and proved the right move.

My team is now able to focus on valuations/viewings while ARPM take care of the admin tasks and property management on our behalf, and white-labelled to our business too.

As a result, we have grown our lettings book despite the tricky market conditions and my costs are the lowest they have been in years. I am very happy.”

Want to learn more?

Get in touch and we’ll provide you with a bespoke evaluation of your lettings business and how outsourcing can save it – tellmemore@arpm.co.uk

EAN Content

Content shared by this account is either news shared free by third parties or sponsored (paid for) content from third parties. Please be advised that links to third party websites are not endorsed by Estate Agent Networking - Please do your own research before committing to any third party business promoted on our website. As an Amazon Associate, I earn from qualifying purchases.

You May Also Enjoy

Estate Agent Talk

How Technology is Changing the Prime Property Viewing Experience

The world of luxury real estate has always been about delivering a premium, personal experience. But in today’s rapidly evolving digital landscape, even the most traditional sectors are being reshaped by technology—and prime property viewings are no exception. From augmented reality to AI-driven virtual tours, the way buyers interact with high-end properties has changed dramatically.…
Read More →
Love or Hate Rightmove
Breaking News

Average two-year fixed mortgage rate for 60% LTV now cheaper than five-year rate

The average two-year fixed mortgage rate for those with a 40% deposit (60% LTV) is now cheaper than the average five-year fixed equivalent, the first time this has happened since the mini-Budget The average two-year fixed, 60% LTV mortgage rate is now 4.18%, while the five-year equivalent is 4.19% The gap between average two-year fixed…
Read More →
Overseas Property

How UK Property Investors Can Manage Exchange Rate Risk When Buying Off-Plan Overseas

Off-plan purchases are especially common in developing overseas property markets with a high proportion of international investors. In these less mature markets, a significant share of stock is sold directly by developers, making off-plan transactions a natural sales model. These opportunities appeal to international buyers because they typically require less upfront cash due to extended…
Read More →
Breaking News

Foxtons Lettings Market Index – March 2025

London rental market gains momentum as new rental listings surge, Foxtons data shows   March saw a 14% increase in new rental listings across London compared to February Applicant registrations rose by 11% month-on-month in March. Year on year, demand was stable, tracking just 2% below March 2024 levels The average rent in March stood…
Read More →
Breaking News

UK’s mid-market firms show improved business growth in March but economic uncertainty continues

Key findings: NatWest’s Mid-market Growth Tracker shows improved business growth in March, led by a strong service sector performance SMEs register a softer decline in output levels during March Market conditions remain challenging and we could see continued challenges in the coming months   Mid-market businesses continued to outperform the wider UK economy in March,…
Read More →
Breaking News

ONS Private rent and house prices UK – April 2025

The Price Index of Private Rents (PIPR) measures private rent inflation for new and existing tenancies. The UK House Price Index measures house price inflation. Main Headlines Average UK monthly private rents increased by 7.7%, to £1,332, in the 12 months to March 2025 (provisional estimate); this annual growth rate is down from 8.1% in…
Read More →