Financial services firms team with property surveyors

Carmen Reichman

Two financial services firms have teamed up with property surveyors to fuel their growth strategies and benefit from new revenue streams in the UK housing market.

Adviser support services firm SimplyBiz has acquired the Home Information Group (HIG) while mortgage club Paradigm Mortgage Services has formed a joint venture with Connells Survey & Valuation to provide survey and valuation services to its partner firms and mortgage lenders. SimplyBiz said it bought the valuation panel manager and group of 70 surveyors as part of its strategy to create a wider financial services portfolio of companies. HIG marks the 12th company within the SimplyBiz Group and was its third acquisition in the past year. The company reported a pre-tax profit of £3.8...

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