City broker Square Mile Mortgage Finance is to terminate its relationship with Hamptons International Mortgages and become an appointed representative of Cobalt Capital.
In a move that will shake up the London mortgage broker market and give Cobalt Capital a link in the City , Square Mile, the reigning Mortgage Strategy Small Broker of the Year, will become an AR of the new Cobalt group.
The move confirms Cobalt Capitals claim that the recent merger with Chelsea Mortgage Management was only the first step in a series of carefully planned expansions, which will make the company the largest truly independent mortgage brokerage in London, with projected annual mortgage lending in excess of 1billion.
Julian Ingall, partner, Cobalt Capital, says: “This is another huge step forward for Cobalt and we are delighted to be joining forces with a company as prestigious as Square Mile.
“Andy Wilgoss and Steve Smith are well known and respected characters within the industry and their forward thinking makes this a natural partnership for us.
“The power generated by two successful brands within the marketplace joining forces will enable us to benefit from even more buying power with lenders, and, also, shows potential new employees that we are serious about taking Cobalt forward.
Square Mile managing director Andy Wilgoss, adds: We are delighted to link up with Cobalt as this alliance is a natural fit between two strong brands. To complete our separation from Hamptons, we are simultaneously re-locating to prestigious new offices in the Square Mile
This latest move gives Cobalt a foothold in the City to compliment its offices in Knightsbridge and Bristol.