Y3S said the acquisition is part of a buy and build strategy and will help accelerate the group’s growth.
Chaseblue, like Y3S, is a secured loan packager for mortgage brokers and IFAs, providing bridging and commercial finance options for clients of its financial intermediaries.
The new corporate structure will account for £6m of second charge loan completions per month, introduced purely through intermediaries.
Barney Drake (pictured), director of Y3S, said: “We were attracted by the promising growth of Chaseblue under the directorship of Ben Gillespie which fits into our portfolio and growth strategy. We are looking forward to progressing our expansion plans by working closely with the superb team at Chaseblue”.
Gillespie said the opportunity made ‘perfect sense’ for Chaseblue and allowed it to draw on the expertise of ‘the biggest B2B broker in the market’.
