Previously a directly authorised firm, Meridian is one of the UK’s leading specialists in new homes for the last 16 years, employing over 30 staff.
Led by directors, George Bell and Derry Walton, Meridian currently services both national UK developers such as Barratt Homes, Bellway Homes and Keepmoat, and large regional developers including Gleeson Homes and Jelson Homes.
Meridian director, Derry Walton, said: “The new homes market continues to move fast and we are seeing a significant increase in the volume of business we are transacting.
“MAB give us the very best in ways of technology, sales support, training and recruitment. They are the market leader in this field by some way and will give us the support to continue to grow our business.”
On top of their other introduced business and client bank work, this year, Meridian are on target to complete over 2,000 new-build mortgages.
Andy Frankish, new homes director at MAB, (pictured) said: “Meridian is a great example of a firm that understands the new homes business model and is able to provide an outstanding service to both developers and customers alike.
“We are very happy to be working with them and helping expand their business in this growing market sector.”
Mortgage Advice Bureau became the first advice firm to float on the Alternative Investment Market in November last year achieving a market cap of £81m.
In January the advice firm reported total adviser numbers of 634, rising to 703 five months later at its AGM in May.