Wolverhampton based JAM Advisers Ltd, trading as Mortgage Bureau, is joining Mortgage Advice Bureau’s (MAB) New Homes Network.
Mortgage Bureau currently has 22 advisers and works with builders such as Barratt, David Wilson, Persimmon, Taylor Wimpey and Lovell.
“Already one of the leading new homes brokers in the UK, we look forward to working with [Mortgage Bureau] to develop their business and spearhead our New Homes Network,” said Andy Frankish, new homes director at MAB.
“They will undoubtedly provide a high volume of quality mortgage and protection business.”
As part of this deal, Mortgage Bureau will also be acquiring the Mortgage Talk New Homes team based in Rotherham. There will be no redundancies in this acquisition, with both the Rotherham and Wolverhampton operation will be looking to recruit more advisers over the coming months.
The Rotherham office will be rebranded and merged with Mortgage Bureau’s existing offering to create the largest independently owned specialist New Homes Mortgage broker in the UK.
Mark Clouston, director at Mortgage Bureau, said: “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.”
“Our adviser count will rise from 22 to over 40 due to this acquisition and current recruitment commitments,” added Jamie Barnett, director at Mortgage Bureau.
“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.”