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TODAY'S OTHER NEWS

Fees Ban: Foxtons claims to have frozen fees to landlords

Foxtons has announced that it is officially freezing its fees to landlords.

The move was previewed in Foxtons’ recent trading statement which emphasised its increasing reliance on lettings as London’s sales market continues to struggle.

Now Ed Phillips, Foxtons letting division’s chief sales officer, says: “We’re pleased to announce that we’re freezing our fees for landlords – a move that we believe will further strengthen our offer.

“Landlords are facing more legal obligations than ever. Our expert lettings teams and strong compliance culture allow us to help minimise their risk and deliver exceptional service that supports landlords in unlocking the full value of their property.

“By continuing to invest significantly in our lettings business, and committing to freeze fees, we’re confident we will encourage more landlords to partner with Foxtons. This will mean more properties available for the thousands of quality, dependable tenants registered with us all over London.

“We understand that Foxtons plays a crucial role in supporting both landlords and tenants, and we hope our decision to freeze landlord fees will also avoid any extra costs being passed on to tenants in the form of rent increases.”

  • Paul Smithson

    I doubt realistically they could put increase them any more., but hey you won't have cheapskates like Mr Steve Sykes " I never pay more than £250 including VAT and inventory" man going there.

  • Saagar K

    What are their fees anyway? Not a big news if they are already charging a premium and then trying to appear virtuous by claiming of no increase.

    More likely that they are losing landlord who can find better services for the same price that they are charging so they don't have a choice.

    Their spin doctor must be very good!

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    Paul Smithson still a twit a bigger twit than last time. Now why can't you just be sensible.
    I pay what i pay. I pay what I'm happy to pay. I wont pay rip off prices to some jumped up flash socks 4 x 4 agent who thinks he knows it all.
    Professional LLs will deal with fair priced honest hard working LAs or do it themselves, its not einstein's theory.
    Twit.

  • Paul Smithson

    I keep asking you to break down the costs of an high st agent, advertising, viewings-god forbid they get a ticket, shop costs, rent/staff/vehicles/software/biz rates/utilities/references/insurances-indemnities/then an inventory for £208.33 + VAT, since the tenant fee ban it's not possible, did you investigate your Narcissistic personality disorder (NPD) traits out ? or at least google your misfortune.

    S l
    • S l
    • 31 July 2019 10:06 AM

    Hi Paul, I was skeptical too when steve said he paid £250 for tenant finding. I now also have a LA charging the same for tenant finding which includes check in , check out, referencing and inventories. Other LAs that i enquire are charging 500-700. Bear in mind tenant rent collection and management are extras in all cases

     
  • icon

    PS getting to be a bigger twit by the minute.
    Listern chummy. I pay a good LA no more than £250 end of.
    Now get off your high horse and start talking sence.
    If you are in the Letting Game work it out yourself and stop wasting my time by continuing to act like a total twit.

  • icon

    Christ SI thats good.
    I carry out my own Check Outs and dont need rent collection and 2 or 3 monthly Inspections. Never ever charged for Tenancy Renewal or Check Out.

  • S l
    • S l
    • 31 July 2019 10:32 AM

    When we do our own check outs, the tds or dps refused to accept it as its not impartial. So we had to pay extra for check out inventories which is a total waste of money. Tenants never agree to any damages caused despite having check in inventories. They get very difficult

  • Paul Barrett

    Surely before and after photos are more than sufficient proof of any degradation in the rental property!?
    Photos are very impartial unless digitally manipulated.
    Simply have the tenant take the same photos as the LL before and after and email them to eachother.
    A tenant can hardly deny their photos are not a true representation of the state of the property!!

    S l
    • S l
    • 31 July 2019 10:43 AM

    The deposit scheme refused to acknowlege damage and they get full deposit back

     
  • icon

    Corrupt just like the council

  • Paul Smithson

    I’ve heard it all now so say on average 5 viewings, and inventory a check in and out so 8 hours labour and car use, so obvious they would use minimum wage monkeys and really be tempted to chuck anyone in as well, the premises and other overheads would be nothing and of course the agent drives around in a 4x4 dripping of gold? I imagine they get one of the junior staff members to blow your trumpets as well for £208.00 and you think that’s viable ???

  • icon

    Agents who continue to under charge for their services will not last long.

  • S l
    • S l
    • 31 July 2019 17:49 PM

    i dont know but i am moving to this letting agent as its good prices. I bet others will too and she certainly is gaining a lot of new landlords on her books too. cant say she is going to buckle with that price. In fact, they had to employ more people due to extra workload and clientele. finger cross, it will last.

  • icon

    Said it would come. LAs have to adjust back to their non flash days, back to pre crunch when all agents charged good non rip off fees.

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