First Mortgage has acquired Home Loan Services (Glasgow) Ltd in a move that strengthens its position in Scotland’s new-build mortgage market.
The adviser firm, which is part of the Mortgage Advice Bureau group, said the deal would deepen its presence in the Scottish housing market while leaving Home Loan Services’ existing team and operating model in place.
Home Loan Services, a Glasgow-based new-build specialist that has been operating for 17 years, will continue to trade under its current MAB branding. The business will also retain its team, in a move designed to provide continuity for housebuilders, sales staff and homebuyers.
Both firms will remain independent businesses with separate FCA and company registrations, preserving broker choice in the Scottish new-build sector.
The acquisition underlines the strategic importance of the new-build market to First Mortgage and to the wider MAB group, which said it continued to invest in the sector across Scotland.
Ian McGrail, chief executive of First Mortgage, said: “This acquisition represents an important step in strengthening our support for the Scottish new-build market.”
“Home Loan Services (Glasgow) Ltd is a highly respected business with longstanding relationships across Scotland’s major housebuilders, and we’re delighted to welcome them into the business, while ensuring they continue to deliver the same high level of service their partners and customers have come to expect.”
Harry McGeough, managing director of Home Loan Services (Glasgow) Ltd, said: “We’ve worked closely alongside First Mortgage for many years, and this latest move allows us to build on that relationship.”
“It’s very much business as usual for our partners and customers, with the same team, the same service, and the same focus on delivering for our builder partners – now with the added benefit of greater scale, investment, and long-term security.”
Felicity Barnett, new build and affordable housing manager at Mortgage Advice Bureau, said: “Bringing together two highly respected businesses under the wider MAB Group strengthens our ability to support housebuilders and buyers across Scotland, while maintaining the independence and specialist expertise that underpin both firms.”
“This acquisition reflects our commitment to our new build brokers, combining the strength of both businesses with continued investment to support growth and enhance their proposition.”
The transaction gives First Mortgage a stronger foothold in a specialist part of the Scottish market, while allowing Home Loan Services to continue operating with its established structure and relationships.
