Rightmove asks agents to add more details to leasehold listings after complaints

January 15, 2020

Rightmove emphasizes a pledge to encourage its agents to disclose more information on a listing after the property portal received a number of complaints from leasehold campaigns about a lack of detail on Rightmove listings.

Activists from the National Leasehold Campaign (NLC) wrote to Rightmove to complain that users are unable to search for properties by tenure such as freehold, commonhold or leasehold, and claimed the lack of this information on listings does not comply with the Consumer Protection from Unfair Trading Regulations.

Under CPR, agents have a duty to divulge anything that might affect a consumer’s transactional decision – which could be simply deciding whether to ask the agent for more information or to request a viewing.

Leaseholds have been in the spotlight because of high service charges and ground rents which can mount up over the years and blight future sales. There are also concerns over restrictions on what can be done with leasehold properties.

The sale of leaseholds, particularly houses, has been called a scandal and the Government has promised to act.

Katie Kendrick, Founder of the NLC, said:

“Rightmove’s advertising description of the property for sale can affect consumers’ transactional decisions and I believe there is not enough information about tenure of each of your properties.”

Read more here

Property Portal Watch Bangkok Conference 2020, Feb 26-27

January 15, 2020

Subscribe to our mailing list to get the famous, free Friday newsletter!

News and analysis to help build better online marketplace businesses, in your inbox, every Friday

Related News

Product Roundup100426
Product and Services Roundup: Fotocasa Launches ChatGPT App

Are you not entertained? This week's Product Roundup begins with news of another ChatGPT integration by a major portal operator......

Read More
Shutterstock 392355586 1 1
View.com.au to Close as Bid to Break Australia's Portal Duopoly Falls Short

View.com.au is set to close in June, ending Australia's most heavily capitalised recent attempt to challenge the REA Group and...

Read More
Square Yards Q4FY24 Results 2
Square Yards Teams up with India's Reserve Bank for Lending Initiative

Square Yards has signed a Platform Service Provider Agreement with the Reserve Bank of India Innovation Hub (RBIH), making the...

Read More
zillow boardroom 3
Zillow Will Not Abandon Listing Standards Guidelines with 'Preview' Launch

Zillow executive Errol Samuelson says the announcement of the portal's pre-marketing offering will not interfere with the listing access standards...

Read More

Editor's Pick