This prediction came from Sean Hornsby, managing director of Mortgage 2000, who claimed a number of deals were about to be announced.
He denied that any of the deals were directly related to his firm, though he did not rule out the possibility of further acquisitions to strengthen the Mortgage 2000 AR network, Home Loan Partnership (HLP).
He also refused to rule out the possibility of selling the network for the right price.
“We are always on the lookout for new opportunities and there are definitely a lot of smaller networks out there who are not making any money at the moment. There are pricing policies which just don’t work,”
he said.
He added: “Our main priority is m2i and helping HLP to grow. If that was to mean making an acquisition then we would look at the possibility, just the same as we would consider any offer that was made on our business.”
Sally Laker, managing director of Mortgage Intelligence, which is owned by investment giants Close Brothers said that while she did not have any specific inside information it was clear there would soon be movement in the market.
Like Hornsby, she refused to rule out acquisitions, though she said making sure of a “good fit” would be important before any move could be made.
“You have to look at what you are getting because at the end of the day brokers are free agents and so you really have to examine each individual,” she said.
