LSL Property services announced that its financial services subsidiary, First Complete acquired gross assets worth £250,000 and will retain The Mortgage Alliance brand expanding its proposition to directly authorised mortgage and insurance advisers.
In 2010, LSL acquired Halifax Estate Agencies from Lloyds Banking Group; mortgage network Home of Choice now rebranded to First Complete; and Pink Home Loans.
Jon Round, chief executive at First Complete, said: “TMA is a mortgage club with a good reputation which has an exceptional offering to directly authorised advisers.
“First Complete has gone from strength to strength in the last year, providing an excellent service to its appointed representatives; now First Complete will also be able to provide a high quality proposition to directly authorised firms.”
A spokesperson at Santander, added: “Santander is committed to becoming the best commercial bank in the UK. Following a strategic review and in line with our focus on core business areas, we can confirm that we have taken the decision to sell TMA to the LSL Group.”
