The announcement comes hot on the heels of Hamptons International’s decision to close down its subsidiary Hamptons Mortgages at the beginning of the 2009.
Some 15 brokers from Hamptons Mortgages – which represents the bulk of the brokers that worked at the firm – will transfer to First Action Finance.
Shakeel Barok, chief operating officer at Hamptons International, says: “It is vital that Hamptons’ continues to provide its clients with the same level of support and advice.
“First Action Finance is not only a dynamic and respected consultancy, but a company which reflects our brand values and offers clients impartial expertise and an outstanding service.
“We welcome the referral arrangement and look forward to First Action Finance providing our clients with excellent customer service.”
And Joe Cohen, managing director of First Action Finance, says: “We’re thrilled to have won the confidence of Hamptons and for them to be happy to recommend us to their clients.
“I believe some of the major contributing factors to this were our clear commitment to excellent customer service, our financial strength and controls and that we were able to demonstrate that people like doing business with us.”