Coreco have completed the acquisition of the brokerage Mortgages Online.
This decision stems from Coreco’s strategy to expand outside of London, with Mortgages Online based in Southend.
Launched in 2019, Mortgages Online is run by Paul Flavin and is also ARs of Mortgage Advice Bureau.
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Andrew Montlake, managing director of Coreco, said: “Obtaining the Mortgages Online brand and website will allow us to continue to develop our online offering for clients who wish to be dealt with in this way, whilst very much keeping the role of the broker and advice front and centre.
“It will enable us to scale and deal with a more varied set of introducers which will in turn generate more enquiries for our brokers in London, especially where specialist and commercial is concerned.
“Coreco South will also become our administrative centre for our national network going forward and we are actively looking to the local community for brokers and sales support people who want to work within the expanding Coreco family.”
Paul Flavin, managing director of Mortgages Online, added: “Coreco bring to Mortgages Online the security and credibility of one of our industry’s flag bearers while Mortgages Online give Coreco a platform to be able to move & respond to future trends in a far faster, more efficient way.
“The idea of stepping away from the day-to-day operations to now focus on working with Monty on project developments as well as in a business coaching capacity means I can concentrate on the areas I love, which will hopefully see massive benefits to the Coreco Group as a whole.”