LSL Property Services is beefing up the mortgage arm of its activities.
It has acquired the mortgage adviser network Personal Touch in a deal worth £5.4m, of which around 40 per cent is deferred for 12 months. Personal Touch Financial Services has 200 appointed representatives and 474 advisers.
LSL group chief executive Ian Crabb says: “This acquisition supports LSL’s stated strategy of enhancing its position as a leading mortgage distributor and growing long-term profitability in the provision of residential property services in the UK by identifying value enhancing opportunities.”
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