Here are 7 urban areas of the UK with the highest letting fees
While the news sent shares in letting agencies plummeting, the news will be welcomed by tenants, who pay an average of £337 a year for the fees.
In some areas, however, that figure is dramatically higher, and areas with some of the highest fees have been uncovered by the National Private Tenants Organisation.
The tenant pressure group studied letting fees around the cities of London, Manchester and York to find both the average and highest costs in those areas.
We took a look at the top 7:
(This is post is based on an original article by Matthew Nitch Smith)