LSL Property Services favourite to buy HoC

Following the news this morning that The Money Group’s Tony Murtagh has made a bid for Home of Choice, a source close to the deal says the network and the bank’s preferred bidder is LSL Property Services and the deal is likely to be completed by tomorrow.

LSL is the parent company of Your Move, Reeds Rains and Intercounty.

In January Lloyds Banking Group sold its Halifax Estate Agencies for £1 to LSL Property.

Gerry O’Brien, chief executive of Home of Choice, says: “Tomorrow I expect to be telling our brokers about the new listed owner who will bring financial security to the network.  

“Their questions about backdated fees, commission and pipeline will also be answered.  

“The business is working furiously behind the scenes to ensure that brokers are properly supported during these challenging times and I thank everyone – staff, brokers and third parties  – who are solidly behind the continuation of this great business.”