Innsworth funds £1.5 billion legal action

Innsworth Capital Limited, a specialist litigation funder, has today funded a significant class action case against the property market giant Rightmove at the Competition Appeal Tribunal. The claim, amounting to £1.5 billion, is aimed at addressing what is alleged to be excessive and unfair fees imposed on UK estate agents and new home developers who list their properties on Rightmove’s well-known online portal.

The legal challenge has been in the works since November 2025 when Innsworth announced its commitment to fully fund the action. Led by the redress law firm Scott+Scott UK, the claim is being brought forward by Jeremy Newman, a former member of the Competition and Markets Authority panel. His involvement underlines the seriousness of the allegations and the potential ramifications for Rightmove.

"This important step towards securing compensation for estate agents and new home developers is crucial,” stated Luke FitzGerald, Investment Manager at Innsworth Advisors. He added, "Innsworth is delighted to be supporting Jeremy in bringing this claim, which highlights the potential of the opt-out collective actions regime to deliver meaningful results for businesses across the country."

The action comes after Rightmove received formal notification of the impending legal challenge last November. The filed claim includes detailed evidence and outlines the relief sought for thousands of affected UK estate agents. The impact of Rightmove’s market dominance has been notably detrimental, with some agents claiming that it has directly contributed to their businesses failing.

So far, around 250 estate agents have expressed interest in joining the class action, suggesting that many others may also feel aggrieved by the fees imposed by Rightmove. This case could set a significant precedent for how online property portals operate and charge their clients in the future, particularly in a market increasingly scrutinised for its level of fairness and competition. As this case unfolds, it will be watched closely by both the property market and the wider business community in the UK.