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.

Prime Property Finance Directors Acquire Simpli Financial Solutions

The directors of Prime Property Finance, Gareth Morgan and Mark Watts, have acquired the mortgage and protection firm Simpli Financial Solutions. Both businesses will continue to operate independently, each retaining its own Financial Conduct Authority (FCA) authorisation, brand, and proposition.

According to the report, the two firms will benefit from sharing technology, specialist knowledge, and collaboration. The directors have started recruiting additional advisers to fill roles in both Prime Property Finance and Simpli Financial Solutions.

There will be no changes to existing arrangements, remuneration structures, or day-to-day support for advisers at Simpli Financial Solutions. The acquisition is subject to FCA approval.

This development may be of interest to UK letting agents and inventory clerks, as it highlights ongoing changes in the property finance sector and the potential for enhanced adviser support and technology sharing between firms.