Editor's note: This brief was summarised by The Property AI Newsroom from a report by Mortgage Solutions. Read the original article for full details.
MAB Finalises Integration of Three New-Build Mortgage Firms
Mortgage Advice Bureau (MAB) has completed the integration of three specialist new-build advice firms into its group. The firms—Meridian Mortgages, William Lowden, and Evolve Financial Solutions—are now operating as a single entity under the Meridian Group.
MAB had already part-owned these firms before fully acquiring them in September last year. Since the acquisition, an extensive integration programme has been underway, culminating in the final phase that brought the businesses together under one operating structure.
According to MAB, the integration demonstrates its commitment to the new-build market. The group stated that the combined business is “significantly sized” and aims to blend localised, human-led relationships with technology-integrated advice. MAB expects this move to strengthen its influence in the new-build sector and improve the experience for both developers and customers.
The integrated team will retain all existing advisers and colleagues from the three firms. MAB highlighted that the merger brings together the expertise and talent from each business into a unified team and proposition.
For UK letting agents and inventory clerks, this consolidation may signal changes in the way mortgage advice and support are delivered to clients involved in new-build properties. The integration under the Meridian Group could also impact partnerships and referral processes within the new-build and housebuilding sectors.
Source: Mortgage Solutions