PRZOOM - /newswire/ -
Alta Loma, CA, United States, 2005/09/26 - UK mortgage broker, Chelsea Mortgage Management, announce that they are merging with Cobalt Capital. The new company, which will trade as Cobalt Capital, will become London’s biggest independently owned mortgage broker.
UK mortgage broker, Chelsea Mortgage Management, announce that they are merging with Cobalt Capital. The new company, which will trade as Cobalt Capital, will become London’s biggest independently owned mortgage broker, with projected annual mortgage lending in excess of £1billion.
“The merger is set to be an exciting move for both companies and, together, we are keen to make significant inroads into the London mortgage market and build on the excellent service levels we already offer individually,” states Richard Taylor, Chelsea Mortgage Management Director.
Julian Ingall, Director of Cobalt Capital adds “We are delighted to be joining forces with Chelsea Mortgage Management, which we consider a natural step forward, and are confident that the whole will be far bigger than the sum of the parts. “
“There’s a widely held belief in our sector that small is beautiful, but we don’t believe this. Our view is that the bigger you are, the more buying power you have and the better relationships you can establish with the lenders, which translates into improved service for your clients. We intend to grow the company, make it a place that people want to work, and ensure it goes from strength to strength.”
The new company – which will have offices in Knightsbridge and Bristol – will set out on a major recruitment drive, despite the uncertain environment. With a proposed group performance-related bonus structure, and exciting self-employed packages, it is confident it will attract high quality, experienced brokers.
“We have decided to operate under the Cobalt brand because we feel it has an enviable reputation in the industry, is well-recognised and is renowned for its considerable volumes of business. However, we won’t be resting on our laurels: to further strengthen the profile and brand awareness of the new company, we will be investing heavily in marketing, advertising and PR,” concludes Richard Taylor.