Pivotal Growth has agreed to acquire The Loan Partnership, subject to Financial Conduct Authority (FCA) approval.
Established in 2013 by John Webb and Andy Pelley, the Loan Partnership is a specialist mortgage broker based in Hemel Hempstead.
The Company is focused on providing mortgage advice for second mortgage loans and bridge financing.
The acquisition expands Pivotal’s capabilities in the specialty secondary brokerage and bridge financing markets.
According to Pivotal, the group is currently in discussions with other potential opportunities that will leverage its product line and geographic presence.
Simon Embley, Managing Director of Pivotal Growth, said: “I am delighted to welcome The Loan Partnership to the Pivotal Growth group. This acquisition will complement our existing business and help us grow our specialty brokerage capability, giving us a presence in the rapidly growing second mortgage and bridge financing markets.
“We are delighted to work with John, Andy, their management team and employees, who are renowned for providing fantastic service and excellent results for clients.”
Loan Partnership Director John Webb added, “Pivotal Growth will give The Loan Partnership access to a broader customer base due to its broad distribution reach and access to capital and technology, which is becoming increasingly increasingly important to provide our customers with the best possible service and meet the needs of all the stakeholders we support in the second load and transition industries.