Proptech firm OneDome has acquired mortgage broker Albany Park from Hatbox Group.
The acquisition is subject to regulatory approval and marks a step in OneDome’s strategy to simplify the home buying process and expand its services.
Last year, the firm said it would purchase mortgage broker firms to build on its acquisition of CMME earlier in 2023.
OneDome will leverage Albany Park’s industry expertise and client base for growth opportunities.
It will be integrated into the OneDome system, which connects users with estate agents, mortgage advisers, conveyancers and insurance providers with its Homebuyer Service.
The firm said its clients will gain access to expanded mortgage and financial planning services through the acquisition.
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Babek Ismayil (pictured), CEO of OneDome, said: “We are thrilled to welcome Albany Park Mortgages to the OneDome family.
“This acquisition enhances our ability to deliver seamless mortgage solutions to customers while offering greater choice and convenience. With Albany Park Mortgages’ expertise, we continue to push forward in our goal of transforming the home buying journey and setting a new standard in the industry.”
Steve Whatley, founder of Albany Park, added: “We are on the verge of exciting changes as we launch our new brand, Cignpost Insurance. With this new focus on health and protection, we are very pleased to have found such a suitable home for Albany Park Mortgages and its mortgage advisers.
“I am confident that the combined power of OneDome and Albany Park Mortgages will lead to great things in the future.”
