OneDome, the end-to-end property transaction company, has reported triple-digit year-on-year revenue growth despite a weaker property market.
The OneDome Group’s strategic plan is to grow to £5bn in annual mortgages arranged by the end of 2024. To achieve that, the OneDome Group is looking to acquire mortgage brokerage businesses. This strategic move builds on the acquisition of CMME Mortgages and CW Management Limited from Livingbridge private equity firm at the start of this year.
OneDome says it aims to consolidate the market by acquiring three to five businesses per year, targeting businesses in London, Southeast, Southwest, and East of England specifically.
The aim is to centralise the operations around its technology platform, which doubles broker productivity while increasing the average revenue per transaction via cross-selling auxiliary services.
The OneDome Group also has access to over 7,500 estate agencies listings on its property listing websites onedome.com and nethouseprices.com. These agents are being converted into introducers for OneDome’s mortgage brokers.
Babek Ismayil, founder and CEO of OneDome, said: “We are looking to grow the OneDome family with excellent businesses who would join us on our mission of making homebuying and mortgages simpler and stress free.
“Our customers’ satisfaction is at the core of everything we do, and we are looking for like-minded people in the industry to join us.
“We want to find the right brokerage partners, and we offer a fair price for the businesses we buy. This new phase of the acquisition of mortgage brokers marks a significant step in OneDome’s journey.”
