The acquisition provides LSL with additional scale and market share in financial services, complementing LSL’s existing businesses and further strengthening LSL’s position as a leading distributor of mortgage and non-investment insurance products.
Ian Crabb, Group Chief Executive of LSL, says:
"This acquisition supports LSL’s stated strategy of enhancing its position as a leading mortgage distributor and growing long-term profitability in the provision of residential property services in the UK by identifying value enhancing opportunities. LSL has deep sector expertise in the provision of financial services and PTFS is an excellent fit with our existing financial services businesses.”
