News

11
Feb

Pivotal Growth acquires Northampton firm

Pivotal Growth has acquired Grange Mortgage and Protection Services, a Northampton-based mortgage adviser. The firm specialises in new-builds, Help to Buy schemes and shared ownership.

Pivotal Growth’s key long-term goal is to build a national mortgage adviser with high quality fintech alongside stellar customer service and compliance procedures. The firm is backed by Pollen Street Capital (which also backs advisers such as Kingswood) and LSL Property Services, and was inaugurated as part of a £200m joint venture between the two companies.

Simon Embley, chief executive of Pivotal, said: “We see the new-build sector playing an important role in our growth plans and we are particularly excited to be able to work with Dan and his team to develop the business further.”

Daniel Mumford, managing director of Grange, added: “Pivotal Growth is an ideal partner for Grange, and I am looking forward to working with the Pivotal Growth team to continue grow the business.

“We see this investment by Pivotal Growth as an important step for Grange, which will give us access to capital and technology that is becoming increasingly important to address the needs of all stakeholders we support in the dynamic new-build and re-sale sectors.”

Pivotal Growth acquired Lifetime Finance Group back in December – one of Scotland’s largest mortgage brokers.

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