Online broker Loan.co.uk has acquired a majority stake in specialist broker Only Bridging.

Only Bridging, based in Hertford in Hertfordshire, will become another regional office under Loan.co.uk, which opened offices in Northern Ireland and Cardiff in the past six months.

Paul McGerrigan, chief executive of Loan.co.uk, said: “This is a very exciting acquisition.

“We have known Andrea Juniper for a long time and the experience, knowledge, lender relationships and expertise she and her team bring is a huge benefit to our business and the growing base of introducers.

“Only Bridging is a well-established, awarding winning brand which we will steadily invest in. In 2017 we will continue our aggressive growth though organic and acquisitive activity.”
Loan.co.uk said it had two further acquisitions in the pipeline for the first half of 2017.