MAB takes stake in new build specialist

Mortgage Advice Bureau has announced it has taken a stake in a firm of new build specialist mortgage brokers.

The Pride Park based firm has acquired part of Evolve Financial Solutions, boosting its new homes broker panel and proposition for the UK’s leading builders in the process.

The deal follows an intense period of activity in the new build market, which has seen MAB invest in new build specialists Meridian – and the subsequent acquisition by Meridian of Metro, which is a shared ownership broker.

Evolve Financial Solutions, which serves clients across the UK from its Suffolk base, will become an authorised representative within the MAB network.

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Founded in 2009 by its managing director Jason Blunden, Evolve Financial Solutions has grown to a team of 35 advisers working from its headquarters in Ipswich.

Peter Brodnicki, chief executive of MAB, said: “Builders and new build customers rightly have high expectations.

“Our aim is to deliver a best-in-class service to both by partnering with the best and most innovative new build firms in this sector and ensuring our in-house technology developments are tailored to the requirements of this specialist market and all its stakeholders.

“We have continued to add invaluable experience to the MAB New Homes Board, which now includes the highest calibre non-execs from the broking, lending and building sectors.”

Jason said: “Evolve has grown rapidly over the last five years and, in particular, over the last 12 months.

“We have achieved a great deal and are set to achieve even more as part of the MAB new homes proposition, a collaboration of best-in-class businesses raising the bar in new build mortgage services.

“There is a strong fit between Evolve and MAB in terms of culture and shared ambitions, bringing together the best in technology, people, new build vision and expertise.

“We are looking forward to the exciting next stage in Evolve’s development.”