LSL has announced that Pivotal Growth has completed its third acquisition, The Loan Partnership. This transaction will be subject to the approval by the FCA of the change in control.

The Loan Partnership is a specialist mortgage broker based in Hemel Hempstead that was set up in 2013 by John Webb and Andy Pelley, well-known stalwarts of the specialist finance industry, with experience spanning the last five decades. They focus on providing mortgage advice for second charge mortgages and bridging finance.

Pivotal Growth’s acquisition of The Loan Partnership further expands the group’s capability into the specialist second charge broking and bridging finance markets, with the group currently in active discussions with a number of other potential opportunities which will continue to build on the group’s product set and geographic presence.

Simon Embley, chief executive officer of Pivotal Growth, commented: “This acquisition will complement our existing businesses and help us build out our specialist broking capability, giving us a presence in the fast-growing second charge mortgage and bridging finance markets.

“We believe these segments will play an important role in supporting customers looking for access to alternative mortgage financing solutions. We are excited to be working with John, Andy, their management team and their people, who are renowned for providing fantastic service, and excellent customer outcomes.”

Pivotal Growth will give The Loan Partnership access to a wider customer base due to their expansive distribution reach and access to capital and technology, according to John Webb, director of The Loan Partnership.

“We look to the future now with even more confidence as part of the Pivotal family,” he said.