Phil Griesbach of Barclays Private Equity, who led the deal said: “It is an exciting time to enter both the surveying and property services markets, particularly as the impending legislation provides enormous growth potential for both these companies.“
Paul Latham, e.surv MD commented: “We are very excited by this development and we are now looking forward to taking the business to the next level for the benefit of our clients. We are proud of e.surv’s performance in recent years which has helped us achieve a reputation for service and quality which is unrivalled. This will not change. We intend to continue with the core policies that have delivered these results and in that respect, things are very much ‘business as usual.”
Together with Your Move, e.surv will now trade under a new holding company ‘Lending Solutions Ltd’, headed by Simon Embley. Commenting on the prospects for Your Move Financial Services, Embley said: “We are delighted by this latest development. One of our key focuses for the future will be to build on our success in the mortgage and protection business with an ever increasing number of Financial Consultants to meet ongoing demand, this will complement our existing e.surv relationships with the UK lending community.”
e.surv will continue to concentrate on its core Business to Business proposition whilst looking at new opportunities such as the proposed HIP legislation. The deal also follows on from a recent announcement of an arrangement with the Mortgage Distribution arm of Bankhall Group - which provides both organisations with the ability to provide complementary services to their client bases.
