View more on these topics

ASA tells Abbotts to withdraw ad’s misleading claims

The Advertising Standards Authority has upheld a complaint by Spicerhaart Group against Abbotts Estate Agents, part of Countrywide Group.

Spicerhaart said the claims ’The number one local agent’ and ’We sell a house every two minutes’ were misleading and challenged whether they could be substantiated. Abbotts said the latter claim was based on gross sales by Countrywide in 2009.

The ASA considered that readers of the ad would interpret the claim ’number one local agent’ to mean Abbotts had a greater local market share or sold more properties locally than other agents, when it was actually based on winning the best large chain award at the 2010 Estate Agent Of The Year awards.

Recommended

Kevin Paterson

Small steps en route to a brighter future

Precedent tells us it could be 2017 before house prices match 2007 levels but don’t be too gloomy – higher interest rates may be round the corner which will have a positive impact on lending markets

Majority will hike customers’ fees

Just over half of Mortgage Strategy Online readers say they would increase the fees they charge clients to compensate for any reduction in proc fees.Some 57% said they would be increasing fees compared with 43% who would not. It comes after three lenders revealed that they will reduce proc fees next year. This week Mortgage […]