The Money Group (TMG) has said it wants to start offering white label mortgage products in a wide-ranging update on its future business plan.
Martin Stewart, TMG founder, said: “We will re-invest whatever we can, after costs, back into our business for market growth. We’re going to get into our own lending and believe we can white label anything in our brand. We’re having discussions on that at the moment.”
The group aims to finance its growth plans with capital from the 10 per cent fee it receives from each franchisee, and potentially with an injection from external investors.
However, Stewart said recent buyout deals of technology-enabled UK mortgage brokerages suggested that investors thought they were buying into the value of mortgage process digitalisation, when in fact they had invested in a brokerage.
TMG may also look to establish new legal brands in the future. These included TMG Legal, TMB Divorce and TMG Property, among others.
He said: “We’ve got loads of different institutions. Why couldn’t they be all under one brand?”
Shekina is the deputy editor at Mortgage Solutions and commercial editor at Mortgage Solutions and Specialist Lending Solutions. She has nearly eight years of experience in the B2B publishing market, having previously covered the hospitality, retail, pet, accounting and jewellery sectors.
Shekina has worked for Mortgage Solutions and Specialist Lending Solutions for almost five years. Here, she covers the market’s breaking news stories, engages with professionals in the sector, and oversees any commercially agreed content in partnership with mortgage-related companies.
This includes presenting webinars and hosting roundtable discussions on developing themes in the mortgage sector.
She is an NCTJ-trained journalist and was nominated for the Headline Money Awards Mortgage Journalist of the Year in 2021.
In her spare time, Shekina likes to read, travel, listen to music and socialise with friends.
She currently reports on current events in the mortgage market and liaises with financial clients to produce sponsored content.
Follow her on Twitter at @ShekinaMS
