RCS - LSL Property Svcs. - Update on Expansion of Estate Agency Franchising

LSL Property ServicesAnnouncement

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RNS Number : 3479K  LSL Property Services PLC  05 December 2025

RNS Reach

05 December 2025

LSL Property Services plc ("LSL" or "Group")

Update on Expansion of Estate Agency Franchising

 

LSL, the leading B2B platform for UK residential property market services,
held its annual Estate Agency Franchise conference last week, engaging with
its franchise partners and drawing on the widespread knowledge of in-house
experts and invited industry experts, shared insights on growth and business
improvement opportunities through innovation and collaboration.

A key aspect of LSL's strategy for growing its Estate Agency Franchising
("EAF") division continues to be the assisted acquisition programme.  LSL
supports franchise partners in the acquisition of lettings books, helping to
source and execute deals and provide financing, typically via loans. During
2025, franchisees have made 10 lettings book acquisitions, compared with three
in 2024, a significant step-up in activity which demonstrates the successful
execution of a key growth lever for the division.

LSL benefits from additional royalties on increased franchise lettings
activity.  One of the incremental advantages of supporting franchisee
partners with the lettings books acquisitions is that it may lead to the
opening of new estate agency branches, increasing market footprint. During
2025 three new branches have been opened on the back of lettings book
acquisitions, in Torquay, Oundle and Jesmond.  A further three new branches
have been opened during the year, including both new franchisee and expansion
by existing franchisees making six new branches in 2025.

LSL has provided £3.2m of loans to franchisees in its assisted acquisition
programme in 2025.  As of the date of this announcement the Group had 293
estate agent branches and 37,500 lettings portfolio.

Adam Castleton, CEO of LSL, said:

"Supporting the expansion of our EAF franchisees is an important growth driver
for LSL.  Our aim is to support our franchisees with our expertise and to
help grow their footprint, improving their positions in their markets and
creating capital light ROI for LSL. The assisted acquisition programme is one
of several services through which we support franchisees, who are operating in
a dynamic and fast-changing environment with increasingly significant
regulatory requirements, such as the proposed Renters Rights Bill."

 

For further information, please contact:

 

 LSL Property Services plc                investorrelations@lslps.co.uk (mailto:investorrelations@lslps.co.uk)
 Adam Castleton, Chief Executive Officer
 Phil Clark, Investor Relations
 Burson Buchanan                          0207 466 5000/ LSL@buchanan.uk.com (mailto:LSL@buchanan.uk.com)
 Helen Tarbet
 Sophie Wills
 Jesse McNab

 

 

Notes on LSL

 

LSL is one of the largest providers of services to mortgage intermediaries and
estate agent franchisees.

 

Over 2,600 advisers representing around 11% of the total purchase and
remortgage market.

 

Its 63 estate agency franchisees operate 293 branches.

 

LSL is also one of the UK's largest providers of surveying and valuation
services, supplying five out of the six largest lenders in the UK.

 

For further information please visit LSL's website: lslps.co.uk
(http://www.lslps.co.uk/)

 

 

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