Foxtons considering sale of mortgage broking business

London estate agent Foxtons confirmed on Wednesday that it is considering the sale of its mortgage broking business.

Responding to press speculation, the company said: "Foxtons confirms that it is reviewing strategic options for Alexander Hall Associates, its mortgage broking business, which could include the potential sale of the business."

Foxtons said a further announcement will be made if and when appropriate.

At 0935 BST, the shares were up 5% at 49.10p.