Purplebricks says not planning to sell lettings business

Online estate agent Purplebricks has refuted a Telegraph article suggesting that it’s looking to offload its lettings business.

The Sunday Telegraph reported that chief executive Vic Darvey and other senior employees had recently discussed plans to sell the embattled division and had approached auditors to assess the business prior to sale. It also said that internal audits had been planned, with checks being conducted to ensure there were no undiscovered problems.

However, Purplebricks said on Tuesday that there was no truth to the article.

"The article that appeared in the Telegraph this weekend regarding Purplebricks’ plans to sell our lettings business is not true," it said.

"Lettings is a crucial part of our growth ambitions at Purplebricks and we will continue to invest in this part of our business as we move into 2022 and beyond."