The deal will see 18 advisers make the switch from Mortgage Talk’s new homes team in Rotherham to join Mortgage Bureau 22 advisers in the Midlands, creating the largest dedicated new build team in the UK.
As part of the move, the expanded Mortgage Bureau proposition will join Mortgage Advice Bureau’s specialist New Homes Network.
Andy Frankish, new homes director at MAB, commented: “We are delighted that Mortgage Bureau has made the decision to join the network.
“Already one of the leading new homes brokers in the UK, we look forward to working with them to develop their business and spearhead our New Homes Network. They will undoubtedly provide a high volume of quality mortgage and protection business. “
“As part of this deal, Mortgage Bureau will also be acquiring from MAB, the Mortgage Talk New Homes team based in Rotherham. There will be no redundancies in this acquisition; indeed both the Rotherham and Wolverhampton operation will be looking to recruit more advisers over the coming months.”
Mark Clouston, director at Mortgage Bureau, added: “The MAB New Homes Network has a compelling proposition and has invested heavily in marketing, training, IT support and communications for the new build industry.
“As a company, we have experienced rapid expansion thanks to our exceptional service standards, and the ability to plug into the MAB Network’s extra resources will save us both time and money.”
Peter Brodnicki (pictured), CEO at Mortgage Advice Bureau, said: “We are delighted to be working with Jamie and Mark, and together we will be pushing the boundaries in terms of service, quality and depth of proposition to ensure builders, lenders, and the customers see members of the New Build Network as the number one choice in this specialist sector.
“In a new-build market with aggressive growth targets, we need to make sure that all aspects of new build form part of our proposition, with affordable housing and self/custom build also areas of focus for us.”
Jamie Barnett, director at Mortgage Bureau, added: “Our adviser count will rise from 22 to over 40 due to this acquisition and current recruitment commitments.
“This puts us in an ideal position to provide even better service levels to our developer partners and maximise the growth opportunities that exist in the new homes market.
“We have also been very impressed with MAB since we entered into negotiations; their staff have gone out of their way to ensure the transition runs as smoothly as possible.”