L

LSL Property Services

Residential property services and valuations

Trainee Associate Surveyor

Full-TimeDeadline 9/10/27
No salary listed
Entry
Bachelor's
Glasgow, UK
In Person
Real EstateAppraisal & Valuation

About the job

Requirements
  • Eligibility to progress towards AssocRICS accreditation through either a relevant degree qualification or a minimum of four years of property industry experience.
  • A genuine interest in property, surveying, and the built environment.
  • Strong communication and customer service skills.
  • Attention to detail and analytical thinking.
  • A willingness to learn and develop.
  • Professionalism, integrity, and sound judgement.
  • The ability to manage priorities and work independently.
Responsibilities
  • Learn how to inspect and assess residential properties.
  • Develop knowledge of construction methods, building defects, and risk assessment.
  • Support mortgage valuation and residential surveying activities.
  • Build relationships with customers, lenders, and colleagues.
  • Work towards professional accreditation and career progression.
  • Complete the recruitment process, including an online application, telephone screening, online assessments, a Building Pathology Assessment, and a final competency-based interview.

About the company

L

LSL Property Services

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Website

LSL Property Services provides residential property services through its group, serving consumers and mortgage lenders. For consumers, it offers residential sales, lettings, surveying, conveyancing, and mortgage and non-investment insurance advice. For lenders, it provides valuations, panel management, asset management, and property management, covering the full property value chain. It also publishes house price indices for England & Wales, Scotland, and Wales, plus the Buy-to-Let index to track rents and yields, giving market data to buyers, sellers, and lenders.

Company Size

201-500

Company Stage

IPO

Headquarters

United Kingdom

Founded

2004

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Simplify Jobs

Simplify's Take

What believers are saying

  • 2026 H1 revenue rose 3% to £92.3m, with operating profit up 11% to £15.9m.
  • LSL launched a £12m buyback and kept a 4p interim dividend in September 2026.
  • A 2026 transformation programme targets at least £5m annualized benefits through 2027.

What critics are saying

  • Residential sales fell 4% in 2026 H1; another UK transaction slump hits franchise growth.
  • Financial services revenue fell 3% in 2026 H1 after CRM investment and lower adviser numbers.
  • LSL depends on lender contracts and housing cycles; a severe platform failure would cripple operations.

What makes LSL Property Services unique

  • LSL spans surveying, lettings, franchising, mortgages, conveyancing, and lender valuations end-to-end.
  • 2026 H1 surveying and valuation kept 23% margins while winning two major lender allocations.
  • Estate agency franchising hit a 30% margin in 2026 H1 after restructuring and acquisitions.

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Benefits

  • Hybrid Work Options

Growth & Insights and Company News

Headcount

6 month growth

1%

1 year growth

1%

2 year growth

1%
The Negotiator
Oct 21st, 2026
INTERVIEW: What next for the Britain's largest estate agency?

INTERVIEW: What next for the Britain's largest estate agency? The Neg talks candidly with Connells Group Chief Executive Helen Charlesworth and Chris Rosindale at their new Milton Keynes headquarters. Connells may be the largest estate agency group in Britain but after the complications of acquiring Countrywide five years ago, the job of ploughing a new furrow for the combined estate agency, conveyancing, auctions and surveying business is no mean feat. Those gifted that task are Connells Group's Chief Executive Helen Charlesworth and her operations chief Chris Rosindale (main photo) who when The Neg visited were settling into their new and very smart headquarters in Milton Keynes, the re-organisational result of six buildings being rolled into one. It's also the physical evidence of the pair's desire to bring the business, which includes some 86 brands, together in a more meaningful way. But steering a huge ship like this, which employs some 15,000 people, many of whom are loyal to their local brand rather than 'head office', was always going to be a tricky task. The original seniors behind the acquisition of Countrywide - people like Richard Twigg and David Plumtree who have since the left the business -, spent the first few years after the acquisition racing to make as much money as possible while the sales and lettings markets were on fire which, Charlesworth says, was a sensible 'crest of the wave' decision given the money they had spent buying Countrywide. But now these 'originals' have gone and the sales market is sluggish (and lettings now more complicated), what do Charlesworth and Rosindale have up their sleeves? More autonomy. Both accept that previous efforts to run parts of the business centrally weren't the ideal approach, and one of the first decisions they made together was to push the decision making "back to where the information is" and encourage both autonomy and accountability. She says: "We want to empower people to make the right decisions so that they understand their level of performance is down to them and that we don't have to be there driving them all the time". Rosindale adds: "We want people to feel like it's their own business". Get together. The regional management team has been slimmed down from 23 to 18 people in recent months, part of delayed plans to integrate the Countrywide and Connells businesses. Charlesworth says integration was put on hold while the sales market was busy during the early 2020s, but that the time had come [two years ago when she arrived] to bring the organisation together in a more thoughtful and logical way. "This was never about taking cost out of the business but taking the best of both organisations and bringing them together," she says. "We didn't have the ability to see the whole business so if you wanted to understand customer satisfaction levels [for example] then until recently managers had to use the separate Countrywide and Connells systems which made everything very hard." Rosindale adds: "We used to have managers driving past each other going to the same towns - one whose branches were doing very well while the other said they were struggling despite having the same customer base". Both say a more integrated approach is also about staff retention - previously people would leave to join the competition not another Connells Group business; an unnecessary talent loss. "That stopped us keeping the best people," he says. "But our new leadership and geography model is already paying dividends." Back the high street. One clear message was that Connells Group is solidly committed to remaining on the high street and even if it diversifies and has "other marginal businesses" as Rosindale puts it (he used to work for YOPA, remember) what's most important to them are the people that work across the whole business. Charlesworth says: "When people are selling their most precious asset they want to interact with humans face-to-face and that's really important to us and why we've invested so much time and effort in our people. "If someone gets out of bed in the morning and is fired up about what they're doing then they'll light up the customer too." Rosindale says: "If you look at the hybrid models like eXp and The Agency UK, they have 5% of the market while 71% of home movers choose an independent estate agency and 10% a corporate so you can say that consumers overwhelmingly want a high street agent to deal with". New ideas. Asked whether Connells Group would ever go down the franchising route that competitors TPFG, Winkworth and LSL have embraced, Charlesworth was frank, saying that "the reason why estate agency is so exciting is that it doesn't stand still - outsiders looking in think it remains the same but it doesn't. "We are always having open discussions about what the future looks like but the one thing that keeps me awake at night is coming second and Chris is the same, so we're always thinking about 'what next' and therefore while we don't have any definitive plans everything is open to consideration". Empower local. "We've got 86 brands but they've all got local provenance - and that means a lot to the people who work for them," says Charlesworth. "If you go to Peter Alan in Wales for example and ask them who they work for, they'll say Peter Alan not Connells Group and I want that to continue. "Estate agencies like that one are making a difference in their own communities - which is different to big brands who try to cold start in markets that may have never heard of them up until then. We want to endorse and enhance our current brands. "And remember we're not just an estate agency - we have many other moving parts including surveying and conveyancing so we're a sum of all the parts. The way you extract value within this kind of organisation is to pass the power to the brand managers and the people on the front line - protect that strongly and you protect the business." Five-year plan. Connells Group is now just into the third year of a five-year plan and after two years of laying the foundations including getting the integration work done and modernising its tech, the remaining years of the plan are going to be all about growth. "We know the housing market has been struggling recently but that's allowed us to fix the roof and create the synergies - and we recently had a meeting about which levers we're going to pull get create growth within the business - and let's just say watch this space," says Charlesworth. Re-start acquisitions. One of those levers is to re-start the acquisition of competitor business to increase market share - Connells Group bought 14 estate agencies last year but this year paused that while it 'fixed the roof'. But in 2027 "we'll be back" says Charlesworth. 21st Oct 2026 0 1,457 5 minutes read Nigel Lewis

EC Assets
Sep 15th, 2026
LSL Property Services reports first-half Revenue Growth, dividend confirmed.

LSL Property Services reports first-half Revenue Growth, dividend confirmed. September 15, 2026 at 09:02 GMT EC Assets Editorial LSL Property Services recorded a 3% increase in revenue during its first half. The company's Measurement and Valuation division saw its revenue grow by 6%, reaching £56.2 million from £53.2 million in the first half of 2025. This division's core operating profit rose by 11%, with its margin expanding by 100 basis points to 23.3%. In contrast, LSL Property Services' financial services division experienced a 3% decline in total revenue, falling to £22.8 million. The core operating profit for this division decreased by £0.9 million to £3.4 million. Mortgage lending revenue within the financial services division did increase by 8%. The company noted that income per adviser improved, and its market share remained stable. Adam Castleton, LSL's Group CEO, presented the interim results. David Wolffe, Interim Group CFO, was also present during the presentation. Investors in LSL Property Services (LON:LSL) have observed a 51% return over the past five years. However, the company's share price declined by 11% in the last month. The board of LSL Property Services has affirmed a dividend of £0.04 per share, payable on November 7. This dividend translates to a yield of 4.0%. The company has also announced share transactions for its directors under a Share Incentive Plan (SIP). LSL Property Services Revenue Growth Financial Performance Sources: investing.com, cn.investing.com, finance.yahoo.com, nasdaq.com, seekingalpha.com.

Property Industry Eye
Sep 15th, 2026
EYE NEWSFLASH: LSL profits jump as estate agency franchising hits record margin.

EYE NEWSFLASH: LSL profits jump as estate agency franchising hits record margin. 15 September 2026 | By Marc da Silva | 0 1,118 LSL Property Services increased first-half profit despite weaker residential sales, helped by a sharp improvement in its estate agency franchising business. Group revenue rose 3% to £92.3m in the six months to 30 June 2026, up from £89.7m a year earlier. Underlying operating profit increased 11% to £15.9m, while statutory operating profit climbed 14% to £12.5m. The group's underlying operating margin increased from 16% to 17%. LSL said residential sales transactions were 4% lower than in the first half of 2025. Last year's figures included a spike in activity ahead of the Stamp Duty changes. The London market was softer, although LSL said it has limited exposure to the capital. Estate agency profits jump 24% LSL's Estate Agency Franchising division recorded a particularly strong first half. Underlying operating profit increased 24% to £3.9m, while revenue edged 2% higher to £13.2m. The division's underlying operating margin reached a record first-half level of 30%, helped by restructuring carried out last year. LSL also expanded its franchise network by 13 branches. The increase followed the acquisition of a small South Coast franchise network and growth among existing partners. The group supported franchisees with the acquisition of seven lettings books. This helped increase the number of properties under management by 4% to 38,660. LSL also invested in its end-to-end conveyancing proposition, with plans to offer services across the wider group. £5m transformation programme Alongside its results, LSL announced a group-wide transformation programme aimed at simplifying the business and cutting duplication. The company expects the programme to deliver at least £5m in annualised benefits as implementation progresses through 2027. LSL expects to spend £4m implementing the changes across 2026 and 2027. The group is targeting an underlying operating margin of more than 20%. Chief executive Adam Castleton said: "LSL performed well in the first half, delivering further profit and margin growth and strong cash generation. Its markets developed broadly as expected despite prevailing negative sentiment. "We launched a Group-wide transformation programme expected to improve our structural cost-effectiveness and leverage our scale. The programme will simplify how we operate, strengthen our capabilities and support further structural improvement in margins." Surveying revenue rises LSL's Surveying & Valuation division increased revenue by 6% to £56.2m. Underlying operating profit rose 11% to £13.1m, while its margin increased from 22% to 23%. Mortgage revenue increased 8% and LSL maintained an 8.9% share of total mortgage lending. However, total Financial Services revenue slipped from £23.5m to £22.8m. Underlying operating profit fell from £4.3m to £3.4m. LSL attributed the decline mainly to its previous exit from several protection-only firms and continued investment in a new CRM system. The group also completed a small regional acquisition after the period ended. LSL expects the deal to add around 50 advisers to its PRIMIS network. Full-year expectations unchanged LSL said trading since the end of June has developed as expected. The board remains on track to meet its full-year 2026 expectations and anticipates another increase in profit. The company had net cash of £22m at the end of June and maintained its interim dividend at 4p per share. Its £12m share buyback programme remains on course for completion by January 2027.

MarketBeat
Sep 15th, 2026
LSL Property Services H1 earnings call highlights.

LSL Property Services H1 earnings call highlights. September 15, 2026 Key points. * LSL delivered strong first-half financial growth: Revenue rose 3% to £92.3 million, underlying operating profit increased 11% to £15.9 million, and margins reached a 15-year high of just over 17%, despite weaker housing transactions. * Performance was led by surveying, asset management and estate agency franchising, while financial-services profit declined due to investment in a new CRM platform and lower adviser numbers. Remortgaging, lettings and other recurring revenues helped offset softer residential sales activity. * Management maintained its 2026 outlook for higher revenue and profit, supported by a transformation program expected to deliver at least £5 million in annualized benefits by 2027. LSL also launched a new share buyback of up to £12 million while maintaining its 4p interim dividend. * Five stocks we like better than LSL Property Services. LSL Property Services LON: LSL reported higher first-half revenue, profit and margins, citing resilient activity in remortgaging, lettings and recurring revenue streams despite a modest decline in U.K. housing transactions. Group Chief Executive Adam Castleton said the company's markets developed broadly in line with expectations. Residential sales activity was slightly lower year over year, largely due to a stamp duty-related pull-forward in the prior-year comparison, while the mortgage market continued to recover and remortgaging activity was particularly strong. "They were not particularly strong, but nor have we seen the deterioration that some of the wider market commentary might suggest," Castleton said of market conditions. Profit growth and margin expansion. Revenue increased 3% to £92.3 million, while underlying operating profit rose 11% to £15.9 million, according to Group CFO David Tilak. Underlying operating margin increased by 130 basis points to just over 17%, which Tilak described as the group's highest first-half margin in more than 15 years. Adjusted diluted earnings per share increased 14% to £0.117, supported by higher after-tax profit and share buybacks. Return on capital employed rose to a record 36% from 31%, while operating cash conversion over the past 12 months was 91%. Tilak said market changes contributed £0.7 million to operating profit, as stronger remortgaging and product-transfer activity more than offset lower housing transactions. Improved business performance added a further £1.7 million. These gains came despite £2 million of costs from salary inflation and higher national insurance, as well as a further £0.9 million of investment, principally in a financial-services technology platform. Cost-management measures contributed £1.9 million, including a further £0.5 million reduction in central costs. Divisional performance. LSL's surveying and valuation division reported revenue growth of 6% and underlying operating-profit growth of 11%, with margins reaching approximately 23%. The company renewed every lender contract due during the period and received additional allocation wins from two major lenders. The B2C survey operation continued to grow and held a 4.8 Trustpilot score, Tilak said. Asset management was a standout performer, with revenue rising about 44% to £3.7 million and an operating margin of more than 50%. Within financial services, mortgage lending revenue increased 8%, keeping pace with the market, while revenue per adviser rose 12%. However, Tilak said product mix reduced average fees per completion, and revenue declined 3% while underlying operating profit fell by £0.9 million. He attributed the profit decline principally to investment in a new customer relationship management platform and lower adviser numbers, including the prior-year departure of protection-only firms. Discover more Stock Market Holidays Stock Ratings Screener Tilak said the group sees opportunities to improve protection penetration and adviser productivity. LSL said around 12% of all U.K. mortgages flow through its adviser network. Estate agency franchising revenue increased 2% to £13.2 million, despite U.K. housing transactions declining 4% against a comparison period affected by stamp duty changes. Underlying operating profit increased 24%, and the division's margin expanded by about six percentage points to a record first-half level of 30%. The managed lettings portfolio grew 4%, while average income per managed property increased 3%. The division added six branches and completed seven supported lettings-book acquisitions. It also acquired National Search Service and invested in collaborative conveyancing. Transformation program and capital allocation. LSL has launched a groupwide transformation program initially focused on finance and procurement. The initiative is expected to generate at least £5 million in annualized benefits progressively through 2027. Tilak said the program will redesign support-function processes, remove duplication and create broader roles across businesses that had historically operated independently. Castleton said technology could become a greater focus over time as LSL seeks to simplify processes, improve operations and support its businesses. The group ended the period with net cash of £22 million, after beginning with £27.8 million. Cash from operations totaled just over £17 million, while LSL invested £9 million in acquisitions and capital expenditure. It returned just over £12 million to shareholders through dividends and buybacks. LSL maintained its interim dividend at £0.04 per share. Its dividend policy is based on 30% of underlying operating profit. The company completed a previous £7 million buyback program in January and began a new repurchase program of up to £12 million, which it expects to complete by January 2027. Outlook remains unchanged. Management said trading since the period end has developed as anticipated and its expectations for 2026 remain unchanged. LSL expects increased revenue and another year of profit growth, which would mark its fourth consecutive year of profit growth. The company continues to expect operating cash conversion of between 75% and 100% and capital expenditure of £3 million to £5 million for the year. Castleton said the group's revenue base is more resilient than may be assumed because a majority of income is not directly dependent on residential property transactions. He pointed to lettings, remortgaging, platform fees and other recurring or repeatable revenue streams. "We have strong businesses, a highly cash generative model, and a growing opportunity to create more value by bringing those strengths together," Castleton said. About LSL Property Services (LON:LSL). LSL Property Services plc, together with its subsidiaries, engages in the provision of business-to-business services to mortgage intermediaries and estate agency franchisees, and valuation services to lenders in the United Kingdom. The company operates through three segments: Financial Services, Surveying & Valuation, and Estate Agency Franchising. The Financial Services segment offers compliance and other services to mortgage and insurance networks. The Surveying & Valuation segment provides valuations and professional surveying services of residential properties to various lenders and individual customers; data services to lenders; and asset management services, including managing the sale of residential properties on behalf of corporate clients and property investors. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. Before you consider LSL Property Services, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and LSL Property Services wasn't on the list. While LSL Property Services currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys. Nuclear energy is entering a new growth cycle as rising power demand, expanding data centers, and renewed policy support bring the sector back into focus. After strong gains in recent years, the most impactful phase of nuclear investment may still be ahead. This report highlights seven nuclear energy stocks positioned across the value chain - combining near-term revenue with long-term upside as next-generation technologies scale. Click the link below to unlock the full list. Continue following MarketBeat

Property Industry Eye
Jan 26th, 2026
LSL Estate Agency Franchising completes acquisition

LSL Estate Agency Franchising completes acquisition. LSL has acquired National Search Service (NSS), a property search company operating in England and Wales. The acquisition adds to LSL's existing conveyancing services, which are provided by Homefast. NSS is a family-owned business founded in 2004. It provides property searches to the legal profession, both directly and through a franchising model. The company works with law firms and estate agents and is regulated by the Property Codes Compliance Board (PCCB), subscribing to the Search Code. The business is based in Huddersfield and will transfer in full to LSL. There will be no operational changes, and the founders will remain with the business during the transition. NSS provides regulated property search services used by conveyancing firms and estate agents. Paul Hardy, managing director of LSL Estate Agency Franchising, commented: "We are pleased to welcome NSS into the LSL Group. Their reputation for quality and compliance aligns perfectly with our values, and this acquisition will enhance the support we offer to our franchise partners and clients across England and Wales."