LSL Property Services PLC Acquisition by Pivotal Growth (0894S)

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RNS Number : 0894S

LSL Property Services PLC

12 July 2022

12 July 2022

LSL Property Services plc ("LSL")

Acquisition by Pivotal Growth of The Buy to Let Broker

LSL announces that Pivotal Growth, its joint venture established with Pollen Street Capital, has made its fourth acquisition, The Buy to Let Broker, one of the largest specialist buy to let mortgage brokers in the UK.

For further information, please contact:

David Stewart, Group CEO

Adam Castleton, Group CFO

LSL Property Services plc [e-mail]

Helen Tarbet

Simon Compton

George Beale

Buchanan 0207 466 5000 / [e-mail]

Notes on LSL

LSL is one of the largest providers of services to mortgage intermediaries and mortgage and protection advice to estate agency customers, completing around GBP41bn of mortgages in 2021. It represents around 10% of the total purchase and re-mortgage market with around 2,900 financial advisers. PRIMIS was named Best Network by Money Marketing in their 2021 awards and Best Network, 300+ appointed representatives at the 2022 Mortgage Strategy Awards.

LSL is one of the UK's largest providers of surveying and valuation services, supplying seven out of the ten largest lenders in the UK, employing around 500 operational surveyors, and performing over 500,000 valuations and surveys per annum for key lender clients. e.surv was named Best Surveying Firm at the 2022 Mortgage Finance Gazette Awards and Best Surveyor at the 2022 Equity Release Awards with Mortgage Solutions.

LSL also operates a network of 225 owned and 128 franchised estate agency branches.

For further information please visit LSL's website: lslps.co.uk

Notes on Pivotal Growth

Pivotal Growth was established in April 2021 as a joint venture with Pollen Street Capital, to "buy

and build" a leading national mortgage broker.

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July 12, 2022 02:00 ET (06:00 GMT)