Fairstone takes majority stake in mortgage advisory business

Brings in recurring revenue of £700,000

Victoria McKeever
clock • 1 min read

Fairstone has taken a majority stake in Wokingham-based Allensons Mortgage Advisors, bringing in recurring revenues of £700,000, more than 5,000 clients and 13 staff.

Allensons will rebrand as Fairstone Mortgage Solutions, with the firm's principal Paul Cleveland (pictured) retaining a significant shareholding alongside Fairstone. Allensons specialises in mortgages and protection, with expertise in advising on mortgages for new builds. The company offers personal advice to its clients covering new homes, first time buyers, buy-to-let, help to buy and property related insurance. Cleveland said: "The synergies between our companies will be beneficial for both our clients and our staff. The business is at the cutting edge of modern financial servic...

To continue reading this article...

Join Professional Adviser

  • Unlimited access to real-time news, industry insights and market intelligence.
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters.
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection.
  • Members-only access to the editor’s weekly Friday commentary
 Be the first to hear about our events and awards programmes.



Already a Professional Adviser member?


More on Business models

Heather Hopkins: "Too little focus is spent thinking about where humans add value."

Flexibility 'a necessity' for hybrid advice, says NextWealth

New report collates views from 327 advice professionals

Kathleen Gallagher
clock 27 February 2023 • 2 min read
Partner Content: How streamlining administration could enable adviser growth

Partner Content: How streamlining administration could enable adviser growth

A recent Quilter Financial Planning survey shows that advice businesses could grow faster if administrative tasks could be reduced

Quilter Financial Planning
clock 18 July 2022 • 4 min read
Partner Content: Where does independence matter most?

Partner Content: Where does independence matter most?

Advisers value their independence, but is there a balance to be found in working for larger a provider?

Quilter Financial Planning
clock 08 July 2022 • 4 min read