We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Help please
Options
zak2012
Posts: 326 Forumite
Hi we want rent flat from Martin and Co agency..we agreed to pay non refundable credit cheak ...but just after one day now they ask for £600 " holding fee" which saying on small print below thier agreamnet its not refandable as well if we fail credit cheak... they never told us about this only after we paid 140...now asking more 600....so what should we do now? Anyone rented from martin and Co? We feel this is rip of to ask for holding fee of £600 and not refandable.
0
Comments
-
Hi we want rent flat from Martin and Co agency..we agreed to pay non refundable credit cheak ...but just after one day now they ask for £600 " holding fee" which saying on small print below thier agreamnet its not refandable as well if we fail credit cheak... they never told us about this only after we paid 140...now asking more 600....so what should we do now? Anyone rented from martin and Co? We feel this is rip of to ask for holding fee of £600 and not refandable.
Was the small print on something you signed when you started the application?0 -
The_Logans wrote: »Was the small print on something you signed when you started the application?
We just saw small print ...0 -
I see that Martin & Co are signed up to the Property Ombudsman Scheme. (POS).
The Code of Practice says that all tenant fees must be disclosed in advertising (S7c).0 -
Asking for a holding fee is quite usual, especially where housing is in short supply. Asking for a non refundable holding fee before completing checks is in my mind unethical. Once you have ben approved offer to pay the holding fee then, but not before.
Technically the holding fee is to compensate the landlord if you pull out of the agreement, so if you fail credit checks it is the landlord who will pull out and not you, so they shouldn't keep the holding fee. However I wouldn't trust an EA as far as I can throw them when it comes to things like this so at the very least you want an agreement that if the landlord pulls out you get the £600 backIt may sometimes seem like I can't spell, I can, I just can't type0 -
If we refuse to pay £600 holding fee can we ask them to get our £140 back? Because we not been told about this 600 earlier..so now we want to pull out0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 350.8K Banking & Borrowing
- 253K Reduce Debt & Boost Income
- 453.5K Spending & Discounts
- 243.8K Work, Benefits & Business
- 598.6K Mortgages, Homes & Bills
- 176.8K Life & Family
- 257K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards