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iHomes is a team of real Estate Agents specialising in Redbridge and surrounding boroughs with experience over 15 years in residential lettings &amp; sales and property management.

Rural town

Row of terraced houses

View over rooftops

Rural cottage

House

iHomes - Ilford

Permitted payments and tenant protection informationPermitted paymentsFor properties in England, the Tenant Fees Act 2019 means that in addition to rent, lettings agents can only charge tenants (or anyone acting on the tenant&#39;s behalf) the following permitted payments:Holding deposits (a maximum of 1 week&#39;s rent);Deposits (a maximum deposit of 5 weeks&#39; rent for annual rent below £50,000, or 6 weeks&#39; rent for annual rental of £50,000 and above);Payments to change a tenancy agreement eg. change of sharer (capped at £50 or, if lower, any reasonable costs);Payments associated with early termination of a tenancy (capped at the landlord&#39;s loss or the agent&#39;s reasonably incurred costs);Utilities, communication services (eg. telephone, broadband), TV licence and council tax;Interest payments for the late payment of rent (up to 3% above Bank of England&#39;s annual percentage rate);Reasonable costs for replacement of lost keys or other security devices;Contractual damages in the event of the tenant&#39;s default of a tenancy agreement; andAny other permitted payments under the Tenant Fees Act 2019. For properties in Wales, the Renting Homes (Fees etc.) (Wales) Bill , once enacted, means that in addition to rent, lettings agents can only charge tenants (or anyone acting on the tenant&#39;s behalf) the following permitted payments:Holding deposits (a maximum of 1 week&#39;s rent);Deposits;Utilities, communication services (eg. telephone, broadband), TV licence and council tax;Payments for the late payment of rent;A breach of a term of the contract;Any other permitted payments under the Renting Homes (Fees etc.) (Wales) Bill and regulations once enacted. Tenant protectionIn addition to publishing relevant fees, lettings agents are also required to publish details of:the redress scheme they are a member of; andthe name of the approved or designated Client Money Protection scheme they are a member of (if any).

Yes, very worried

Yes, slightly concerned

No, I’m sure it will be fine

No, I have a mortgage Agreement in Principle already

No, because I don’t need a mortgage to buy a property

I’ve not thought about it yet

Within the next 3 months

Within the next 6 months

Within the next 9 months

Within the next 12 months

This is my first rental

I'm a student

I'm a professional

I'm selling up to rent

I am a first-time buyer

I have a property to sell

I have a property to let

I am an investor

I have recently sold

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