Pivotal Growth has acquired Solihull based Xact Mortgages, a move that will broaden the group’s reach in the new build market and elevate its presence among developer partners across the UK.

Xact Mortgages, founded in 2007 by Jeremy Brown, has grown to a team of seven advisers and developed long standing relationships with developers in the Midlands and beyond.

The firm has enjoyed sustained expansion in recent years, supported by new contract wins and deeper ties with existing partners in the new build sector.

The business will sit within Pivotal’s new build division, led by Daniel Mumford of Grange Mortgage and Protection Services.

The group said the addition will bring complementary expertise together as it looks to enhance service delivery for both homebuyers and developers.

Conor Brown, managing director of Xact Mortgages, said: “Joining the Pivotal family marks an exciting new chapter for our team and clients.

“We look forward to working closely with our colleagues at Grange and across the Pivotal group to drive growth and innovation in the new build sector.

“We have built strong relationships over many years, and this move allows us to strengthen them further.”

Mayank Prakash, group CEO of Pivotal, said: “Xact Mortgages is a fantastic addition to the Pivotal group.

“Their expertise, strong presence in the new build sector, and shared client first approach perfectly complement our growth strategy.”

He said the acquisition would support Pivotal’s ambition of bringing high performing specialist firms into the group, adding: “We are excited about the opportunities ahead as Pivotal’s specialist teams continue to deliver greater value to our clients and the wider property market.”