Mortgage acquisition expands TQ's remit

TQ is buying Incresco, the financial services division of housebuilding group Westbury plc, for an undisclosed sum with a view to offering new homebuyers of Westbury properties advice on a range of 4,000 mortgages, protection and other financial products including loans and credit cards. Moreover,John Chapman, managing director at Torquil Clark, which has largely focused on the investment and pensions markets until now, says the Incresco deal is the first stage in a wider venture to offer mortgage advice. “We have four main business streams – discounted deal execution-only, the IFA bu...