Pannone & Partners has won a key mandate ahead of its national rivals to handle all re-mortgages work for Co-op Bank.

The instruction, which was confirmed last month, is a major coup for Pannones’ Manchester-based re-mortgage practice and saw the firm beat 14 other competitive bids, understood to include former adviser Halliwells, Hammonds, Cobbetts and DLA Piper Rudnick Gray Cary.