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Monday, June 08, 2015

Foxtons - do you have a case to answer?

A group of landlords are taking action against Foxtons.  We have reported before about Foxtons and reclaiming fees.

The multi-million pound case taken by London based law firm Leigh Day follows claims that Foxtons have been charging landlords up to 33% in hidden commissions on work done by contractors on their managed rental properties.

The London estate agency chain is also accused of failing to meet their duty of care, with accusations that they have been commissioning over-priced contractors and failing to seek out any value for their clients.

One shocking example of this is Foxtons charges for arranging a standard tenancy agreement,  split between a tenant and landlord they currently stand at, gulps and inhales - a staggering £840!!!
(remember we provide our solicitor prepared tenancy agreement free ) 

If you have used Foxtons in the past and think you might have a case against them, Leigh Day have a  form you can fill in  or you can call the law firm on 0800 689 3289

Chris Haan, a solicitor at law firm Leigh Day, commented:

“We consider that Foxtons has a potential conflict of interest in that the more expensive the contractor is, the more Foxtons makes in hidden commissions.

We believe these charges to landlords are unlawful as they are not sufficiently disclosed, so the landlords cannot give fully informed consent to them. This is against industry codes of practice.

These kinds of practices may be widespread in the lettings industry and it needs to stop. We are taking this case on no win no fee with the aim of securing a refund from Foxtons for all affected landlords.”

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