Richard joins Templeton LPA’s board in addition to his current position as director of strategy and planning at e.surv Chartered Surveyors. Richard is a longstanding member of the RICS Residential Survey & Valuation Group and an Associate RICS Assessor.
Templeton LPA offers Law of Property Act (LPA) receivership services to lenders with defaulting borrowers on buy-to-let mortgages. Richard played a prominent role during the acquisition of Templeton LPA by LSL Property Services plc in February 2010 and will draw upon his experience to help provide strategic direction to the company.
Richard has 40 years’ experience in the property industry. He joined e.surv Chartered Surveyors as director of strategy in 2008, having previously held senior positions within Barclays where he was the managing director of Ekins Surveyors (a wholly owned subsidiary of Barclays) and a member of Woolwich Mortgages management team.
Richard joined Barclays in 2000 from Woolwich plc, where he was responsible for corporate real estate as estates director and residential property valuations as operations director for Ekins. He has also worked for Prudential and Merrill Lynch.
David Brown, Commercial Director of LSL Property Services, comments:
“It’s a real pleasure to announce Richard’s appointment to the board. He played a fundamental role in LSL’s recent acquisition of Templeton LPA, and his wealth of experience and strategic expertise will be invaluable as the company looks to expand in the future and navigate the changeable waters of the current property market.”
Richard Deeprose comments:
“It’s an exciting time to be joining the Templeton team. The private rental sector faces a period of change as rental accommodation is set to grow in importance in the housing market, reflecting the difficulties first time buyers are currently experiencing and following the cuts to social housing.
"With buy to let mortgage finance conditions easing slightly, and the average rent at a record high, it’s likely that we’ll see more landlords entering the market in the medium term. At the same time, interest rates cannot stay rock-bottom forever. A rise in rates will see more landlords struggle with payments each month, making Templeton’s expertise even more crucial to lenders and tenants.”
