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Square Mile and Hamptons sever link

Hamptons International Mortgages has served notice to Square Mile Mortgage Finance after a review of its appointed-rep proposition as it continues to cement relationships with Key Retirement Solutions and Towry Law.

Square Mile MF says it is parting amicably from Hamptons and will become an appointed representative of Cobalt Capital as of October 1.

Square Mile MF takes all eight RIs and administrative staff of three to new offices in the City. This is Cobalt’s next step in its planned expansion. The West London-based independent mortgage brokerage announced its acquisition of Chelsea Mortgage Management in June.

Hamptons will be joining the ranks of the 1bn a year broker club once the deal with Towry is cemented while Savills Private Finance outdoes Hamptons almost three times over.

Square Mile MF managing director Andy Wilgoss says: “This is a mutually amicable parting of ways with Hamptons. Hamptons is going in one direction and we have our own plans . We wanted a broker with buying power and lender relationships at similar levels to Hamptons.”

Cobalt Capital director Andrew Montlake says: “Back when we acquired Chelsea Mortgage Management, we said we had further expansion plans. We expect there to be one more exciting development.”

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