Meridian Mortgages has announced the acquisition of specialist shared ownership broker firm, Metro Finance.
The move sees Meridian, which itself is 40% owned by Mortgage Advice Bureau (MAB), take 100% of the shares in Metro. The broker firm is to remain an independent company, with all its 42 staff still employed in Sheffield.
This set up will also see the birth of a new ‘Meridian Holding Group Ltd’ incorporating Metro and Meridian sitting independently alongside each other.
Metro managing director, Jon Lord, commented: “All of us at Metro are super excited to become part of the Meridian group of companies. Our work in the shared ownership sector has always been service focused, the partnership with Meridian allows us to take our new group proposition to the next level.
“We will offer multifaceted expertise to housing associations and developers offering multi tenure site with a service driven proposition which will perfectly match the marketplace.”
Meridian Mortgages, which is an appointed representative of MAB, is a new build specialist broker firm based in Leicester and has a nationwide base of 48 mortgage advisers.
The firm’s group managing director, Allan Warren, added: “We are very excited to bring Metro into our stable, they are the leading broker in affordable housing with incredible knowledge of the sector and enviable service standards.
“Together we can offer a wider range for services to our house associations and national house builders, creating a seamless customer journey for all their potential buyers. We’d also like to thank MAB for not only making this deal possible but supporting us throughout the acquisition process.”
Latest News
NEW BUILD IN FOCUS - NEW EPISODE OF THE MORTGAGE INSIDER PODCAST, OUT NOW
Figures from the National House-Building Council saw Q1 2025 register a 36% increase in new homes built across the UK compared with the same period last year, representing a striking development for the first-time buyer market. But with the higher cost of building, ongoing planning challenges and new and changing regulations, how sustainable is this growth? And what does it mean for brokers?
The role of the bridging market and technology usage in the industry
Content editor, Dan McGrath, sat down with chief operating officer at Black & White Bridging, Damien Druce, and head of development finance at Empire Global Finance, Pete Williams, to explore the role of the bridging sector, the role of AI across the industry and how the property market has fared in the Labour Government’s first year in office.
Does the North-South divide still exist in the UK housing market?
What do the most expensive parts of the country reveal about shifting demand? And why is the Manchester housing market now outperforming many southern counterparts?
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance, to explore how regional trends are redefining the UK housing, mortgage and buy-to-let markets.
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance, to explore how regional trends are redefining the UK housing, mortgage and buy-to-let markets.
The new episode of The Mortgage Insider podcast, out now
Regional housing markets now matter more than ever. While London and the Southeast still tend to dominate the headlines from a house price and affordability perspective, much of the growth in rental yields and buyer demand is coming from other parts of the UK.
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance.
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance.
© 2019 Perspective Publishing Privacy & Cookies
Recent Stories