Belvoir Group strengthens market position with acquisition plans

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  • Belvoir Group to acquire Nottingham Mortgage Services for GBP600,000
  • Belvoir Group can significantly grow financial services segment with new partnership, says broker
  • Belvoir Group snaps up Nottingham Mortgage Services
Belvoir Group PLC

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Belvoir Group PLC is the largest franchised property group in the UK, supporting a network of 396 individual businesses across five distinct brands, specialising in residential lettings, property sales and property-related financial services.

02 Jun 2021

() announced it exchanged contracts to acquire the entire issued share capital of Nottingham Mortgage Services (NMS), a wholly-owned subsidiary of the Nottingham Building Society.

The deal is valued at GBP600,000 to be paid in cash from existing cash resources, the estate agents said, with completion scheduled for 31 July.

The AIM-listed firm said the acquisition is expected to be immediately earnings accretive.

NMS delivers tailored mortgage and protection services to the members and customers of The Nottingham with its team based either in The Nottingham’s branches, or from The Nottingham’s Head Office, with NMS facilities in all 48 Nottingham Building Society branches across nine counties.

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27 May 2021

() said trading in the first four months of 2021 was materially ahead of management’s expectations.

Management service fees (MSF), the group’s key underlying income stream from its property franchise division, was up 22% on 2020, with MSF from lettings up 12% and MSF from sales up 81%.

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12 Apr 2021

() reinstated its dividend and said trading in the year to date has been encouraging and in line with management expectations.

The estate agent said the lettings market remains resilient as demonstrated throughout the Coronavirus (COVID-19) pandemic, with the sales and financial services markets expected to remain buoyant following the extension of the stamp duty holiday until September. This will be boosted further by the government’s new 95% mortgage guarantee scheme.

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02 Jun 2021

() can significantly grow its financial services segment with the Nottingham Building Society partnership, according to a City broker.

Earlier on Wednesday, the estate agent announced plans to acquire the entire issued share capital of Nottingham Mortgage Services (NMS), a wholly-owned subsidiary of the Nottingham Building Society.

At the same time, The Nottingham is entering into a 10-year agreement with Mortgage Advice Bureau (MAB) to provide mortgage and protection advice, through Belvoir as an appointed representative of MAB, to its members via its branch network and over the phone.

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02 Jun 2021

‘s () Dorian Gonsalves joins Proactive London’s Katie Pilbeam after announcing plans to acquire the entire issued share capital of Nottingham Mortgage Services (NMS), a wholly-owned subsidiary of the Nottingham Building Society.

The deal is valued at GBP600,000 to be paid in cash from existing cash resources with completion scheduled for 31 July.

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Belvoir Group snaps up Nottingham Mortgage Services

Belvoir Group PLC’s (LON:BLV) Dorian Gonsalves joins Proactive London’s Katie Pilbeam after announcing plans to acquire the entire issued share capital of Nottingham Mortgage Services (NMS), a wholly-owned subsidiary of the Nottingham Building Society.

The deal is valued at GBP600,000 to be…

4 hours, 8 minutes ago

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