UK Moneyman, founded in 2009, is a Hull-based firm led by managing director Malcolm Davidson. Since being founded, it has grown to a 20-plus headcount.
The firm offers advice on purchase, remortgage, age 50-plus options, bridging loans, buy to let (BTL), self-employed, specialist and insurance business.
As part of the investment, the broker firm will become an appointed representative (AR) of MAB.
UK Moneyman said that given MAB’s “consistent track record of strong financial growth, technological investment, and market expansion”, the move felt “like a natural progression”.
MAB said the investment supported its “ongoing growth strategy”, especially around specialist areas like later life lending.
The changing role of the Bank of Mum and Dad
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Davidson said: “We’re delighted to be returning to MAB. It’s clear the scale, support and technology MAB provides will accelerate our growth plans and help deliver even better outcomes for our customers. We’re excited about the future together, and are confident that this partnership will help us achieve our goal of being the go-to brokerage for over-50s mortgage advice.”
Gareth Herbert, distribution director at MAB, added: “We’re thrilled to welcome Malcolm and his team to MAB. I’ve known Malcolm for over 20 years, and I’m incredibly proud to have him and his team back in the fold. UK Moneyman has a fantastic history of growth, and their plans for the future are impressive.
“I look forward to working together to grow and enhance our proposition, particularly in other areas such as later life lending, where UK Moneyman have really excelled. We are all excited about what the future holds for us.”
MAB recently secured a stake in The Mortgage Mum, making it a partner firm, and also made an investment in Dashly earlier this year.
