MMBS Services, an advisory subsidiary of the Melton Group, will be trading as Mortgage Advice Bureau and using the network’s services, systems support and regulatory approval.
The service will initially be operated from its head office in Melton Mowbray.
Simon Taylor (pictured), chief executive of the Melton, said: “We already work very closely with our network of intermediaries so that the majority of our customers can benefit from the Melton’s innovative mortgage products.
“Whilst we remain committed to supporting our broker network, this new partnership with MAB will allow us to reach even more customers and help them to find the right mortgage to achieve their home ownership goals.”
Peter Brodnicki, chief executive of MAB, added, “This is the first time we’ve partnered with a lender to support our strategy of making it easy for customers to receive quality advice in a multitude of ways – face-to-face, over the telephone or digitally.
“We share the same synergy with the Melton where quality advice and first-class customer service is always at the heart of everything we do.”