TENANTS in Hampshire are being forced to pay expensive admin and reference fees of up to £356 before they’re handed their keys.
A mystery shop of 284 agencies around the UK, carried out by Purplebricks, found the average fee for admin and referencing was £257 per tenant for a standard rental agreement for a property – with Hampshire £99 more expensive than the average.
On top of an admin and reference charge, renters are often asked to pay a host of extra costs, including fees which can be as high as £340 and moving in on a Saturday which can cost £130.
Michael Bruce, CEO of Purplebricks said: ‘The fees currently charged by agencies lack transparency and tenants are faced with an array of extra charges they simply can’t avoid if they want to rent somewhere. Some of these are outrageous and bear no relationship to the actual cost of drawing up a contract.’