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.”