Estate Agent to Renew Legal Battle Over Renewal Commissions, Other Fees Charged Landlords, Buy-to-Let Investors

December 25, 2009 — “Foxtons is to appeal against a High Court ruling that millions of pounds of fees it has charged landlords are unfair, after the banks’ overdraft charges victory gave the estate agent hope that it could win a renewed legal battle against the Office of Fair Trading,” reports Rebecca O’Connor, property correspondent for The Times (UK).
“The decision to appeal means that landlords who were stung by the fees — described as traps and time bombs by Mr. Justice Mann in July — now face the possibility that they will not receive any money back. In some cases, landlords had been hoping for refunds of several thousand pounds.” Continue reading…
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