Major Contract Expansion

RNS Number : 5669C

LSL Property Services

16 November 2009

 



For Immediate Release

16 November 2009

LSL Property Services plc ("LSL" or "the Group")

Major Contract Expansion

LSL announces that e.surv Limited ("e.surv") its UK market leading residential surveying operation has extended its contract to supply exclusive UK panel residential survey management services to Abbey National plc and Alliance & Leicester plc, who are both members of the Santander group of companies ("Santander") through an arrangement which will see the transfer of the remaining operational surveying staff into e.surv. This 5 year contract is effective from 1st December 2009 and consolidates the current outsourced service supply arrangement already partly administered by e.surv for the provision of surveying services to Santander.

The contract is expected to enhance earnings significantly as it provides an excellent opportunity to further leverage the surveying assets across the Group. 

For further information please contact:

LSL Property Services plc Simon Embley CEO Dean Fielding Group Finance Director Buchanan Communications Richard Darby, Nicola Cronk, Catherine Breen

01904 715324 020 7466 5000

Notes to editors

LSL Property Services plc is one of the leading residential property services companies in the UK and provides a broad range of services to its customers who are principally mortgage lenders, as well as buyers and sellers of residential properties. LSL's main operations are its surveying business, which operates under the e.surv and Chancellors Associates brands, its estate agency business, which operates under the Your Move and Reeds Rains brands, and its financial services business.

For further information, please visit LSL's website: www.lslps.co.uk

 

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