Connells, the residential property services group, has bought surveying company Hockleys from Norwich & Peterborough Building Society.
Five-year management contract
As part of the Hockleys buy Connells has secured an exclusive 5-year panel management contract to undertake all Norwich & Peterborough's valuations including business generated through its Astra Mortgages brand, in addition to its established panel management contracts.
Connells already owns Connells Survey & Valuation, and Hockleys will fit with this existing business.
Connells has sold 80,000 homes, has handled £6bn mortgages and more than 350,000 surveys.
Four-year expansion spree
Connells has bought a number of business over the last four years including estate agents Sequence, Sharman Quinney and specialist mortgage intermediaries ONN Financial and New Homes Mortgage Helpline.
Connells' group director David Livesey said: ‘We now have two surveying businesses with over 300 chartered surveyors across the Group.
'We are now ideally placed to increase our overall capacity in the market significantly and further enhance service delivery to our partner clients.’