What is the main reason for Mortgage Advice Bureau acquiring HomeOwners Alliance?
To engage customers earlier in the home-buying journey and broaden the range of services offered.
Financial Services / Mortgages
Mortgage Advice Bureau (MAB) has acquired HomeOwners Alliance (HOA), a homebuyer guidance platform, for £1.4 million. The acquisition aims to broaden MAB's service offerings and engage with customers earlier in the home-buying process.
Mortgage Advice Bureau (MAB) has strategically acquired HomeOwners Alliance (HOA) to expand its role in the home-buying process. HOA, known for its high-traffic platform offering advice and tools, will enable MAB to connect with potential clients earlier in their journey. This move aligns with potential governmental changes in home-selling and buying processes. The integration of HOA's digital resources is expected to boost lead generation and provide a wider array of services, creating stronger links between mortgage advice and other essential home-moving services. Ben Thompson, director of home moving strategy at Mortgage Advice Bureau, highlighted the acquisition's role in engaging customers earlier and broadening MAB's overall presence in the home-moving sector. Paula Higgins, founder and chief executive of HomeOwners Alliance, noted that joining MAB will provide the resources needed to expand their guidance and research capabilities.
To engage customers earlier in the home-buying journey and broaden the range of services offered.
£1.4 million, plus distributable reserves.
Yes, it will retain a strong voice for consumers and operate independently under MAB's ownership.
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