Online broker Loan.co.uk has acquired a majority stake in specialist broker Only Bridging.
Only Bridging, based in Hertford in Hertfordshire, will become another regional office under Loan.co.uk, which opened offices in Northern Ireland and Cardiff in the past six months.
Paul McGerrigan, chief executive of Loan.co.uk, said: “This is a very exciting acquisition.
“We have known Andrea Juniper for a long time and the experience, knowledge, lender relationships and expertise she and her team bring is a huge benefit to our business and the growing base of introducers.
“Only Bridging is a well-established, awarding winning brand which we will steadily invest in. In 2017 we will continue our aggressive growth though organic and acquisitive activity.”
Loan.co.uk said it had two further acquisitions in the pipeline for the first half of 2017.
Andrea Juniper, managing director of Only Bridging, said: “This is an incredibly exciting time for the team and I.
“I have known Paul and the senior management team of Loan.co.uk for many years. I know they share my ambition and passion for this sector of the market and I’m delighted I can bring my experience and expertise and be a part of making the ongoing growth plans a reality.
“The synergies were immediately obvious to me and we are already seeing the benefits in distribution, technology, marketing and compliance support.”
Pictured is Loan.co.uk’s Andrea Juniper, director and Paul McGerrigan, chief executive.