The intermediary market has been a ‘cottage industry’ for too long, with consolidation among advice firms inevitable and necessary, brokers have argued. Recent months have seen a host of consolidation deals taking place across the mortgage industry. In August for example the Tenet Group agreed to sell off aspects of its business to Openwork and LSL Property Group, while in recent weeks Fintel snapped up VouchedFor and AKG in a package worth £9m. There have also been forecasts that consolidation among networks is likely to continue from high profile figures within the industry. And brokers told Mortgage Solutions that the challenges of operating in the current market have not only pushed more firms towards selling up of late, but also are likely to result in further deals taking place in the months and years ahead.
Remortgage Help is found here - Enquire Here!
Link to Original Article: Mortgage Solutions - Consolidation inevitable for cottage industry mortgage brokers analysis
