Not sure that you're aware of this, but 'The First Cut...' and 'Handbags and Gladrags' were only covers when the Love Affair sang them; originally written by Cat Stevens and Mike d'Abo, respectively.
The irony with the Love Affair was that it was their big chart-topping hits that actually brought forth their eventual demise. They were plucked from obscurity by the record company simply as `pretty boys' to `front' those lavish big hit productions--- Everlasting Love, Rainbow Valley, etc. Apart from vocalist, Steve Ellis, none of the band actually played a single note on them. That's were the tension lay---in the fact that they could play but weren't deemed capable enough by the record company. A similar parallel, in fact, to the Monkees early stuff.
If you want to hear the REAL Love Affair, buy their one and only studio album, The Everlasting Love Affair. (I got it on one of Amazons market stalls for a couple of quid). Although this album also boasts their big hits, amongst them there are a couple of crackers, written AND performed by the band. Namely `The Tree' and `Once Upon a Season'. Those two with a couple of others, to me, show the true worth of the band, not the lavish big production hits that they're remembered for.