Buy-to-let landlords can claim millions

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  • jeffrey
    replied
    BTLMortgages sounds like a spammer to me.

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  • mind the gap
    replied
    Don't hold your breath. Surely there will be an appeal and the whole thing will drag on forever? It'll be like Jarndyce v Jarndyce.

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  • BTLMortgages
    started a topic Buy-to-let landlords can claim millions

    Buy-to-let landlords can claim millions

    Buy-to-let landlords can claim millions

    Thousands of buy-to-let landlords could be in line to claim millions back from estate agents as a result of a landmark High Court ruling yesterday against Foxtons. Mr Justice Mann ruled that leasing agreements made by Foxtons, which operates mainly in London, unfairly overcharged commission to landlords. The Judge described Foxtons' agreements as traps and timebombs. Foxtons, which lets some of the most expensive property in Central London, charged customers 11 per cent commission when a tenant continued to occupy the property for longer than the initial term of the lease, and an additional 2.5 per cent commission payment if a tenant agreed to buy the property from the owner.
    Last edited by Editor; 20-07-2009, 11:03 AM.

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