Mortgage broker Coreco has acquired Paul Alexander Mortgage Consultants, part of The Hogarth Property Group.

Paul Alexander has operated independently whilst awaiting a potential partner or acquirer since the Orchards of London estate agency business with which it worked closely was acquired by the Leaders Romans Group in 2021.

The Hogarth Property Group chief executive Paul Connolly says: “I am delighted that we have secured an ongoing business arrangement for all concerned.  

“This outcome is a win for the clients and customers of Paul Alexander who will now be looked after and have access to the exceptional services and products provided by Coreco, a win for The Hogarth Property Group as it now enables us to concentrate 100% on our core investment, development and construction businesses and a win for Coreco who will be able to service and deliver to the well-established Paul Alexander database.” 

Coreco managing director Andrew Montlake says: “This is an excellent opportunity that enables us to bring the Paul Alexander business under our wing. The approach taken by Paul Alexander over the years is closely aligned with our own values and the additional scale and resources of the Coreco Group will build on what has already been achieved.”    

“This strategy of securing the clients and back books of brokerages who will not be continuing their business for a multitude of reasons, is something that we believe will be an interesting option for many business owners looking for an exit.”