Mortgage intermediary, Mortgage Advice Bureau (MAB), has further strengthened its new homes broker panel and proposition for the UK’s leading builders by acquiring a stake in Evolve Financial Solutions, a leading firm of new build specialist mortgage brokers.
This latest deal follows an intense period of activity in the new build market which has seen MAB invest in new build specialists Meridian, and the subsequent acquisition by Meridian of Metro, the UK’s leading shared ownership broker. Persimmon Homes’ former Group Sales and Marketing Director Mark Cook also joined MAB in April as a Non-Executive Director after 27 years with Persimmon. Mark also works as Non-Executive Director with northern- based Storey Homes and brings with him a wealth of knowledge and experience in the house building sector. Mark joins Douglas Cochrane and Andy Frankish as expert advisers to MAB’s New Homes Board.
Evolve Financial Solutions, which serves clients across the UK from its Suffolk base, will become an Authorised Representative within the MAB network. Founded in 2009 by its Managing Director Jason Blunden, Evolve Financial Solutions has grown to a team of 35 advisers working from its headquarters in Ipswich. The firm plans to open a new office in Colchester, Essex in August
Peter Brodnicki, Chief Executive of Mortgage Advice Bureau said: “Builders and new build customers rightly have high expectations, and our aim is to deliver a best in class service to both by partnering with the best and most innovative new build firms in this sector, and ensuring our in-house technology developments are tailored to the requirements of this specialist market and all its stakeholders. We have continued to add invaluable experience to the MAB New Homes Board, which now includes the highest calibre non-execs from the broking, lending and building sectors.”
Jason Blunden, Managing Director of Evolve Financial Solutions commented: “Evolve has grown rapidly over the last five years and in particular over the last 12 months. We have achieved a great deal and are set to achieve even more as part of the MAB new homes proposition, a collaboration of best in class businesses raising the bar in new build mortgage services. There is a strong fit between Evolve and MAB in terms of culture and shared ambitions, bringing together the best in technology, people, new build vision and expertise. We are looking forward to the exciting next stage in Evolve’s development.”