Belvoir has announced that its £2m acquisition of a financial services firm is working well.

In July, Belvoir, whose roots are in lettings-only, bought Brook Financial Services with a view to increasing financial services income generated on property sales.

In the past two months, Brook has reported £570,000 of written business, up 57% on the same two months last year.

It is also running at over 40% ahead of the business achieved in the first seven months of this year before its acquisition by Belvoir.

Brook currently has three new mortgage advisers in training and is actively recruiting further advisers to provide additional capacity.

To date the focus has been on the group’s predominantly estate agency network, Newton Fallowell, with Brook now working with 17 offices where previously no financial services had been offered.

Of the 39 Newton Fallowell offices, including eight which had existing arrangements, 66% now offer financial services and other mortgage related products.

In addition, Brook has continued to grow its portfolio of independent estate agents which act as introducers to Brook.

From next month Brook will start to work with some of the more sales-focused Belvoir and Northwood offices in the group.