Lending Solutions has acquired Reeds Rains, the largest independent estate agency in Northern England, to enhance its service offerings and capitalize on upcoming regulatory changes in the property market.

Target Information

Lending Solutions, a property services group supported by Barclays Private Equity, has successfully acquired Reeds Rains, the leading independent estate agency in Northern England. With a turnover exceeding £30 million, Reeds Rains operates 130 branches across the region, offering a solid reputation for reliability and quality service in the property market. This acquisition marks a significant addition to Lending Solutions' portfolio, which already includes e.surv, the UK's largest distributor of valuation instructions, as well as other notable entities like Homefast Property Lawyers and the national estate agency chain Your Move.

The CEO of Lending Solutions, Simon Embley, expressed enthusiasm about this acquisition, highlighting its potential to create growth opportunities for the group. The changes in regulations are expected to enhance demand in the property sector, making this acquisition not only timely but strategic in nature.

Industry Overview

The property services sector in the UK, particularly in Northern England, has been facing transformative changes due to regulatory adjustments and market dynamics. The upcoming introd