Property consultant Chesterton Humberts has agreed to acquire a significant share in Springtide Capital, a mortgage advisory firm which specialises in arranging six and seven figure mortgages.
Springtide, which was founded in December 2004, will operate as Chesterton Humberts’ exclusive intermediary for mortgage referrals.
The Chesterton Humberts investment will enable Springtide to expand the company’s existing London and Edinburgh operations, whilst also developing the proposition into the South West and Midlands, through the Chesterton Humberts network of offices.
Robert Bartlett, CEO of Chesterton Humberts, says: “Springtide Capital provides an excellent service which has been of significant value, especially during a period of limited mortgage availability.
“The timely provision of mortgage offers is an essential part of a successful sales process and we see considerable value in expanding our relationship with a provider which offers such professional and competitve service.”
Henry Knight, managing director, Springtide Capital, says: “We have worked closely with several Chesterton Humberts branches over a number of years and we are delighted to be expanding our association with such a successful and respected partner.”