The alliance will co-ordinate their relationships with the UK’s major lenders. Concordia comprises Alexander Hall, Chase De Vere Mortgage Management, Cobalt Capital, Hamptons International Mortgages and Savills Private Finance.
By combining their volume of lending and experience, Concordia will negotiate improved products and service agreements. Additionally, the businesses will share best practice in areas such as compliance, product design and IT platforms. Lenders will gain from a single point of contact, simplification of product ranges and a better understanding of the High Net Worth intermediary market. Combined distribution in 2007 will exceed £10 billion.
