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Townends and Stirling Ackroyd in surprise move to outsource financial services

The two Nick Dunning Associates-owned estate agencies have until now been served by the group's financial services arm Dot Financial.

Nigel Lewis


Nick Dunning Associates has outsourced its financial services arm to leading mortgage broker Coreco which will work with the company’s two estate agency brands Townends and Sterling Ackroyd, even though until recently it had been recruiting for its in-house operation.

The move will see Coreco provide mortgage advice to the two estate agencies’ clients in all their divisions including sales, lettings, new hoes and commercial, and three existing directly-employed mortgage brokers are to transfer to Coreco.

Coreco will service Townend’s 20 branches across London and the South East and Stirling Ackroyd’s nine branches and new homes operation which are located in the central and eastern districts of the capital.

Dot gone

Until now clients of both estate agencies had their mortgage needs served by Dot Financial Services which was a trading name of Townends (Financial Services) Ltd but part of the Mortgage Advice Bureau network.

Until as recently as November last year Dot was running recruitment ads for mortgage brokers to join the business.

Coreco MD Andrew Montlake says: “I am convinced we can form an exceptional partnership that will enhance the financial services offering and provide exemplary service to both the sales and lettings negotiators, while adding our own brand of personal customer service and down-to-earth advice to their customers.

“I would also like to thank Mortgage Advice Bureau which has been terrific and have again demonstrated the benefit of being with a network that looks after the best interests of its members.”

Nick Dunning Associates MD operations Vince Corley (left) says: “For a long period of time, we as a team have admired Coreco. 

“Their culture of winning, developing people and customer service, mixed with a wide offering that covers the residential, new homes and commercial lending makes them a perfect fit with our own business.

August 6, 2020

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