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IN BRIEF: Belvoir buys Nottingham Mortgage Services for GBP600,000

Wed, 02nd Jun 2021 20:17

Belvoir Group PLC - Lincolnshire, England-based property franchise group - Agrees to buy Nottingham Mortgage Services Ltd, a subsidiary of Nottingham Building Society, for GBP600,000 in cash. Completion to take place on July 31 and acquisition expected to be immediately earnings accretive.

At the same time, Nottingham Building Society is entering into a ten-year agreement with Mortgage Advice Bureau PLC to provide mortgage and protection advice, through Belvoir as an appointed representative of MAB, to its members via its branch network and over the phone.

"This further strengthens Belvoir's strategic alliance with The Nottingham following Belvoir's undertaking of all estate agency and lettings services through The Nottingham's branch network in 2020," company says.

Current stock price: 246.50 pence

Year-to-date change: up 63%

By Lucy Heming;Â lucyheming@alliancenews.com

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IN BRIEF: Belvoir and Property Franchise to merge after court approval

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(Sharecast News) - Belvoir Group and the Property Franchise Group announced a recommended all-share merger on Wednesday, to create a combined property franchise business.

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Sunday share tips: Belvoir Group, YouGov

(Sharecast News) - Midas told readers on Sunday to hold onto their shares of property rental outfit Belvoir Group.

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Belvoir posts improved interim results; set to meet expectations

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Belvoir buys financial services business MAB for GBP1 million

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Belvoir expects positive first half results in all revenue streams

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IN BRIEF: Belvoir says trading to date in line with expectations

Belvoir Group PLC - Lincolnshire, England-based property franchise and financial services - For 2023, says trading to date has been in line with expectations. Notes resilient performance, with management services fees up 5% from the property franchise division year-on-year. Says gross profit from the financial services division is up 8% year-on-year.

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IN BRIEF: Belvoir buys Nottingham Mortgage Services for GBP600,000

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