London brokerage Bennison Brown has renewed its partnership with the mortgage and protection network Stonebridge, agreeing a new long-term arrangement that will extend a relationship dating back to the firm’s launch in 2016.

Founded by partners Michael Bennison and Andrew Brown, the brokerage has grown to employ 10 advisers and has completed more than £1.2 billion of lending since opening.

The firm said the renewed agreement reflects its confidence in Stonebridge’s ability to support appointed representatives as they scale, as well as a close alignment of ambition and approach.

Stonebridge, one of the UK’s largest mortgage and protection networks, has arranged more than £15 billion of lending in the past 12 months and now works with over 1,300 advisers nationwide.

LONG-STANDING RELATIONSHIP

The extension of the partnership with Bennison Brown follows Stonebridge’s renewal of its long-term deal with The Mortgage Shop in September, suggesting strong retention among its member firms.

Michael Bennison, managing director of Bennison Brown, said: “Stonebridge has been a fantastic partner for nearly a decade and therefore our decision to renew was an easy one.”

He added: “When looking for a network back in 2016, we needed someone that was not just strong on compliance but also had the tools, experience, and support to help us grow as a business, while continuing to match our ambition.

“In that sense, Stonebridge remains the perfect home for us.”

Rob Clifford, chief executive of Stonebridge, said: “Michael and Andrew have built a well-earned reputation for professionalism, ambition and outstanding customer care.

“It has been our absolute pleasure to support them on their journey.”

He added: “We’re therefore thrilled to be continuing on that journey with the team at Bennison Brown under this new long-term agreement as we continue to invest in our infrastructure, technology, and service for the benefit of all our members.”