Claim is made within research by property expert Kate Faulkner, commissioned by leading estate agency chain, Belvoir.

Belvoir says the hit on its gross profits will be just 3% nine months after the tenant fees ban is introduced on June 1st.

In this perfect storm of lower transactions and commissions – and a failing online-only model – Joanne Christie says franchising is gaining in popularity.

The UK's largest franchised estate agency chain Belvoir predicts that there will be 20% fewer independent letting agents by 2020.

Read how leading and 300 branch franchise network estate agency brand Belvoir has signed up to join OnTheMarket and now lists on all three portals.

The MD of Northwood Eric Walker has been promoted to run the whole four-brand operation of parent group Belvoir Lettings Plc.

Belvoir says its partnership with Let Alliance is paying dividends as its franchisees sell more rent guarantee insurance to plug looming tenant fees ban.

Despite the knock-back, the franchising giant says its group profits before tax for 2017 were up by a staggering 62%.

Chancellor Philip Hammond’s autumn budget has failed to address the challenges faced by Britain’s ten million renters, says Belvoir CEO Dorian Gonsalves (pictured). “We are disappointed that despite persuasive arguments from many…

Belvoir is to roll out its recent-acquired mortgage broker business Brook Financial Services across its 300-strong branch network of four brands – Belvoir, Northwood, Goodchilds and Newton Fallowell – in a bid…