Mortgage Advice Bureau (MAB) has invested in UK Moneyman, a Hull-based mortgage firm set up in 2009.
The business is led by Malcolm Davidson, who has over 30 years’ experience in the mortgage industry.
As part of the deal, UK Moneyman will become an appointed representative of MAB.
The move is part of MAB’s plan to grow, including in areas like later life lending.
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-50’s mortgage advice.”
Gareth Herbert, distribution director at MAB, said: “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.”
Herbert added: “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.”
