LSL set to be named Home of Choice buyer

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Home of Choice is to announce the new owner of the network tomorrow, with LSL Property Services understood to be the preferred bidder.

A source close to the deal has said LSL Property Services, owner of estate agents Your Move and surveyors e.surv, has been identified by both the Home of Choice board and its bank as the preferred bidder, subject to FSA approval. Home of Choice has confirmed it will begin a series of roadshows across the country to introduce appointed representatives to the new owner and explain what is happening with their commissions and proc fees. Gerry O'Brien, chief executive of Home of Choice, said: "Tomorrow I expect to be telling our brokers about the new listed owner who will bring financial ...

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