LSL Property Services is set to acquire mortgage club The Mortgage Alliance from Santander, Money Marketing understands.
It is understood the deal may complete this evening but it is not yet known how much LSL will pay.
When announcing its annual results in March, the property group said it was “well placed to grow both organically and through further acquisitions”.
LSL, run by group chief executive Simon Embley (pictured), bought Halifax Estate Agencies from Lloyds Banking Group in January 2010.
TMA was set up in 1999.
Santander, TMA and LSL refused to comment.