Lender Enra Group has bought master broker Vantage Finance in a bid to become the UK's biggest specialist mortgage business.
The Vantage operation will continue to service existing broker and client relationships at their current location, in the same way, with the existing team and name.
Emily Gestetner, chief finance officer of Enra Group, said Vantage will now benefit from scalability of growth through integration into the wider Enra Group structure.
Ms Gestetner said: "This is a significant step for Enra. Vantage’s specialist mortgage broking expertise underpins the group’s leading presence in specialist distribution, where Enterprise Finance is already a leading master broker.
"As the group develops new specialist lending propositions in these areas, this acquisition marks our intent to achieve our goal of being the UK's biggest specialist mortgage business."
This acquisition marks our intent to achieve our goal of being the UK's biggest specialist mortgage business.Emily GestetnerLucy Hodge, founder and managing director of Vantage Finance, said: "Having established Vantage almost 14 years ago and grown it to the successful business it is today, I am excited by the opportunity to work alongside the talented and successful management within the Enra Group and taking Vantage to the next stage of its growth whilst contributing to the wider group.
"Our ability to leverage the financial and back-office strength of the group gives us a strong platform to accelerate the growth of the Vantage business."
emma.hughes@ft.com
