Lending Solutions

Lending Solutions

Lending Solutions, also known as LSL, is the parent company of both Your Move and Reeds Rains, and forms the third-largest Estate Agent chain in the United Kingdom.cite web|url=http://www.ft.com/cms/s/0/4f14c32c-d654-11da-8b3a-0000779e2340.html|title=Top 10 estate agencies|publisher=FT.com - The Financial Times|accessdate=2008-07-15] Formed in 2005 following its buy-out of northern-England based franchise Reeds Rains, the company also includes smaller subsidiaries such as Home Inspectors, Linear Mortgage Network, Homefast, Barnwoods, Chancellors Associates and Linear Financial Services.

Reeds Rains

Reeds Rains is an estate agent established in the North of England since 1868, with branches operated in a franchise format. [cite web|url=http://www.whichfranchise.com/franchisorPage.cfm?CompanyID=2599|title=Reeds Rains UK Franchise|publisher=whichfranchise.com|accessdate=2008-07-15] The company was founded by Samuel Rains, and currently operates 140 branches in most cities northern England and the Midlands. [cite web|url=http://www.reedsrains.co.uk/about_us.asp
title=Reeds Rains Estate Agents - About Us
publisher=Reeds Rains
accessdate=2008-07-15] It was bought out by the owners of Estate Agents Your Move in 2005, who formed the parent company LSL. [cite web|url=http://www.ft.com/cms/s/0/63db4c0a-75e0-11db-aea1-0000779e2340.html?nclick_check=1|title=Your Move bosses make small fortune|publisher=ft.com - The Financial Times] Reeds Rains form part of the fourth-largest chains of Estate Agents in the United Kingdom by number of offices. The 2008 credit crisis is has taken its toll on the parent company of Reeds Rains, with LSL reported to have closed 12 offices between January and May 2008, [cite web|url=http://www.telegraph.co.uk/news/uknews/1930019/Estate-agencies-shut-150-branches-a-week.html|title=Estate agencies shut 150 branches a week|publisher=telegraph.co.uk|accessdate=2008-07-15] in contrast to 2006, when house prices were on the rise and individual franchises in the chain were faring better. [cite web|url=http://news.bbc.co.uk/1/hi/wales/5253662.stm|BBC.co.uk|title=House price boom as market grows|accessdate=2008-07-15]

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