Having nothing better to do today, while messing around on the computer I did a twitter search on Foxtons. It was interesting to see what came up.
– There were a large number of moans from discontented tenants and landlords.
– There was the announcement of the Court of Appeal’s decision (against Foxtons) in the preliminary point in the case brought by the OFT (see more here).
– Finally (and I had missed this earlier) there were, a couple of days after the CA decision announcement, tweets on the possible deal re-financing Foxtons and writing off their massive debt (see the report here on Reuters)
Could all these be connected?
My own view is that I don’t want them to go bust before the case with the OFT has gone through to its conclusion. There are so few cases on the Unfair Terms in Consumer Contracts Regulations, we really need this one. Plus it is important now for the letting industry to know where they stand.