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Belvoir Lettings' Dorian Gonsalves reports on one of its best years since listing

Dorian Gonsalves, chief executive of Belvoir Lettings PLC (LON:BLV), tells Proactive London's Andrew Scott a ban on tenant fees from June will have less of an impact than first thought.

Originally, Belvoir, which runs the UK’s second largest letting network, forecast the ban would knock 8% from gross profits – now it’s estimating that’ll drop to 3% after nine months as a shift into financial services and mortgage advice has diversified revenues.

Meanwhile an increased contribution from financial services helped revenues in 2018 rise by 21% to £13.7mln.

 
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April 02 2019

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