Belvoir acquires Brook FS t/a Mortgage Brook Advice Bureau to help mitigate ban on tenant fees

Belvoir acquires Brook FS t/a Mortgage Brook Advice Bureau to help mitigate ban on tenant fees

8:52 AM, 13th July 2017, About 5 years ago

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Belvoir, which has over 300 offices on the High Street and is currently the UK’s largest property franchise has announced the acquisition of Brook Financial Services Ltd, which trades as Mortgage Advice Bureau.

Dorian Gonsalves, who is currently Belvoir’s Chief Operating Officer, and has been with the company since 2005, has taken over the role of Chief Executive Officer with immediate effect.

“The acquisition of Brook Financial Services, which trades as the Mortgage Advice Bureau, is a very exciting strategic development for Belvoir, and will enable our franchisees to further grow their businesses by offering a range of financial services to clients, which will in turn help to mitigate some of the impact of the upcoming ban on tenant fees,” said Dorian.

“Brook Financial Services has already successfully provided mortgage services to our Newton Fallowell network and we intend for similar products and services to be rolled out across the whole network.

“Michelle Brook, who founded and is the sole shareholder and director of Brook Financial Services, has worked within the financial sector for over 30 years, and has built up an extremely successful business, which operates from offices in Barnsley, with a team of 32 staff and advisers, operating within the Mortgage Advice Bureau network. I am delighted that Michelle will continue working full time as the Managing Director of Brook.

“I am very much looking forward to my new role as Chief Executive Officer. This will enable me to see the Group through a period of growth, and implement further new initiatives, which we already have in the pipeline.”

Executive Chairman, Mike Goddard, who founded Belvoir in 1995, is standing down as Chief Executive Officer, but will continue to play an active role as Chairman, providing expert strategic input to secure further expansion for the Group.

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