Estate agent’s results come as report predicts UK mortgage lending is heading for big slump

The London estate agent Foxtons has flagged a “less certain” sales market, as it reported a 25% rise in third-quarter revenues driven by higher rents and longer contracts for tenants.

Revenues in the three months to 30 September rose to £43.8m, taking revenues for the first nine months of the year to £109m, up 11% from a year earlier.

Estate agent’s results come as report predicts UK mortgage lending is heading for big slumpThe London estate agent Foxtons has flagged a “less certain” sales market, as it reported a 25% rise in third-quarter revenues driven by higher rents and longer contracts for tenants.Revenues in the three months to 30 September rose to £43.8m, taking revenues for the first nine months of the year to £109m, up 11% from a year earlier. Continue reading…