Login
ISCOVER
The franchise brokerage has purchased sub-aggregation business Loans Actually – marking the third acquisition to date.
MoneyQuest Group said it’s a move that will “strengthen the group’s service proposition”, and assist Loans Actually brokers with “building successful businesses”.
To continue reading the rest of this article, please log in.
Looking for more benefits? Become a Premium Member.
Create free account to get unlimited news articles and more!
Looking for more benefits? Become a Premium Member.
Following the completed purchase on 2 May, Loans Actually members will now be able to leverage MoneyQuest Group’s support services, as they operate alongside the company’s franchise operation (MoneyQuest) and sub-aggregation business (Buyers Choice).
MoneyQuest Group managing director, Michael Russell, said the acquisition was a “logical one” due to the cultural alignment of the two businesses, and the high number of strong performers within the Loans Actually network.
“Transitioning mortgage brokers into successful business owners is what our team excels at, and we can’t wait to assist Loans Actually brokers with growing their businesses,” Mr Russell said.
“We are looking forward to empowering Loans Actually members with additional knowledge, skills and professional development opportunities to further build their businesses.
“Money Quest Group and Loans Actually share similar values and enjoy a like-minded culture.”
Echoing Mr Russell’s sentiment, Loans Actually founder Barry Oxley said that the acquisition will benefit the group’s brokers in a number of ways.
“Under Money Quest Group, Loans Actually brokers will gain access to additional resources and services, as well as industry leading technology,” Mr Oxley said.
“They will also be supported by a larger team who possess a diverse set of skills and an extensive knowledge base.”
Launching in February 2005, Mr Oxley said the group had “peaked” in terms of the level of support it can offer its members, and MoneyQuest would help take its brokers’ businesses to the next level.
“We are confident that our brokers and their clients will be well served under Money Quest Group, due to the reputable professionals they have at the helm and their impressive history,” Mr Oxley said.
“Our friends at Buyers Choice have enjoyed a smooth transition across to Money Quest Group, and we have no doubt that our experience will be the same.”
Mr Oxley will maintain a strong relationship with the organisation he founded via his mortgage broking business, Lending Specialists, which will continue to aggregate through Loans Actually.
[Related: MoneyQuest partners with Brighten for new white label loan]
JOIN THE DISCUSSION