Mortgage Intelligence acquires FYB Network
FYB joins the Mortgage Intelligence and Mortgage Next brands under the umbrella of Mortgage Intelligence Holdings.
The new partnership increases Mortgage Intelligence’s mortgage and insurance proposition with over 50 advisers moving across from FYB to join the broker led business.
Sally Laker, managing director of Mortgage Intelligence Holdings, said: “I am delighted to welcome FYB to our network. It is a great fit with our company and provides fantastic potential to grow both businesses.
“FYB have a strong protection and insurance offering which will complement the well-established mortgage background of both Mortgage Intelligence and Mortgage Next.”
Nigel Stockton, financial services director at Countywide, added: “This is another great acquisition for Countrywide which not only increases our overall lending volumes, but also adds significant growth on the protection side to the network proposition.
“With three strong brands under Mortgage Intelligence, it offers opportunities to diversify the propositions and is a significant part of our continued growth strategy.”