The deal is part of its plan to become the UK's largest homebuying service
Digital homebuying platform OneDome has announced the acquisition of mortgage brokerage Coreco Group for an undisclosed seven-figure sum.
The deal, which is subject to regulatory approval, marks a significant step in OneDome’s ambition to become the largest homebuying service provider in the UK.
Coreco provides expert mortgage advice and accessible financial education. Known for its straightforward approach, the firm has built a loyal client base and a growing network of introducers.
Following the acquisition, Coreco will leverage OneDome’s technology and data-driven insights to enhance its operations. The partnership aims to grow Coreco’s introducer network, expand its financial education initiatives for employers, and boost lead generation through OneDome’s digital tools.
Coreco’s leadership team, including directors Andrew Montlake (pictured left) and Julian Ingall (pictured right), will remain in place to oversee the company’s next phase of growth. Both directors will also join OneDome’s management team.
Montlake, currently Coreco’s managing director, will take on the role of chief executive officer. He will focus on expanding the company’s introducer base, financial education services, and self-employed broker numbers, while continuing to act as the group’s spokesperson and maintaining strong relationships with lenders.
The deal also involves Mortgage Advice Bureau CEO Peter Brodnicki, who will exchange his shareholding in Coreco for shares in OneDome.
With the acquisition, OneDome’s workforce now includes over 170 staff members, including more than 70 advisers.
“This acquisition marks a significant milestone for Coreco and provides stability and opportunities for our team in a changing market,” Montlake said. “OneDome’s innovative approach and shared commitment to customer service align perfectly with our values. Together, we can create a more efficient and enjoyable mortgage experience for clients.”
Ingall, Coreco’s commercial director, will focus on growing the company’s specialist and commercial mortgage teams while pursuing acquisition opportunities in these areas.
“This deal gives us the resources and support to fully capitalise on opportunities in the specialist and commercial mortgage space,” he said.
OneDome, founded in 2017 by Babek Ismayil and chaired by Sir Nigel Knowles, has rapidly expanded its presence in the property market. It recently acquired mortgage advisory firm Albany Park from Hatbox Group. It has previously acquired businesses such as Nethouseprices and CMME Mortgage and Protection. Its flagship HomeBuyer Service integrates mortgage advice, application support, conveyancing, and homebuyer protection insurance into a fixed-price offering.
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