Home LoanMortgage Pivotal Growth acquires The Loan Partnership

Pivotal Growth acquires The Loan Partnership

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Pivotal Growth has agreed to acquire The Loan Partnership, subject to the approval of the Financial Conduct Authority (FCA).

Set up in 2013 by John Webb and Andy Pelley, the Loan Partnership is a specialist mortgage broker based in Hemel Hempstead.

The company focuses on providing mortgage advice for second charge mortgages and bridging finance.

The acquisition expands Pivotal’s capabilities into the specialist second charge broking and bridging finance markets.

According to Pivotal, the group is currently in discussions with other potential opportunities which will build on its product set and geographic presence.

Pivotal Growth chief executive officer Simon Embley says: “I am delighted to welcome The Loan Partnership into the Pivotal Growth group. This acquisition will complement our existing businesses and help us build out our specialist broking capability, giving us a presence in the fast-growing second charge mortgage and bridging finance markets.”

“We are excited to be working with John, Andy, their management team and their people, who are renowned for providing fantastic service, and excellent customer outcomes.“

The Loan Partnership director John Webb adds: “Pivotal Growth will give The Loan Partnership access to a wider customer base due to their expansive distribution reach and access to capital and technology, that is becoming increasingly important to provide our clients with the best possible service and address the needs of all stakeholders we support in the second charge and bridging sectors.”

Finopulse

Disclaimer: This story is auto-aggregated by a computer program and has not been created or edited by Finopulse.
Publisher: Becky Bellamy

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