Intermediary Hamptons International Mortgages has announced two joint ventures, with newly formed mortgage intermediary businesses, Executive Mortgage Solutions, and Global Mortgage Solutions.
Both of the new companies, set up by ex-Charcol intermediaries, will be using Hamptons as a packager for most of their work, and will have access to the company’s back office systems and panel of lenders.
Executive Mortgage Solutions, described as a ‘micro brokerage’ by Kevin Duffy, managing director of Hamptons, has been set up by Steve Jascourt, Maria Tapis and Wayne Murray, and specialises at the high net worth end of the mortgage market, based around workers in the City of London. It estimates this will add £10m a month to Hamptons’ books.
The second deal is with Global Mortgage Solutions, set up by Lisa Andrews, which specialises in bespoke mortgage services to professionals and residential property developers, including some commercial loans.
Commenting, Duffy, who is also ex- Charcol, said: ‘This is a new way forward, a creative solution to the problem of outgrowing existing employers. We are taking a commercial view that these businesses, although they stand alone, will be fully incorporated and will be given access to our systems, our administration operation and the brand value that dealing with Hamptons will bring.’