Estate agent enters mortgage and protection advice

Estate agent enters mortgage and protection advice

A London estate and letting agency has expanded its services to include a mortgage broker and protection service.

Portico has launched Portico Finance, an FCA approved advice service designed to help clients find protection, mortgage and buy-to-let deals.

The company will work with a panel of lenders formed of 50 companies ranging from large banks to specialist buy-to-let firms.

It will be headed by Paul Tait, a mortgage broker who used to work for Barclays and RBS, and marks the next step for the property group which currently has 17 estate and letting agency branches across London and opened in Liverpool and Manchester in February.

The team will consist of experienced mortgage brokers who can advise clients on their mortgage and protection requirements, including life insurance, critical illness cover, income protection and landlord insurance.

Mr Tait said: "Whether a client is a first-time buyer, an experienced buy-to-let landlord looking to refinance a portfolio, or someone looking to remortgage, our team will review client’s circumstances and provide advice on the most suitable options."

Robert Nichols, chief executive officer at Portico, said the firm was always looking for new ways to evolve and improve its proposition.

He said: "The launch of Portico Finance will give clients the opportunity to speak with a mortgage and protection expert in-house.

"It’s great to have someone of Paul’s calibre leading our new mortgage broker and protection service. We are very excited about bringing this provision to the market and we look forward to helping clients with their financial requirements both now and in the future."