MSS Group acquires significant stake in Connect

Mortgage & Surveying Services (MSS) Group — parent of Stonebridge mortgage network — has acquired a significant stake in Connect IFA, subject to FCA approval.

The substantial investment will enhance Connect’s financial strength and enable it to make further developments to its proposition, as it continues to increase its UK footprint and strengthens its offering in the market.

Across both Stonebridge and Connect, MSS Group will now support over 1,450 mortgage advisers.

Following the acquisition, MSS representatives will join the Connect board in a non-executive capacity.

Connect’s CEO Liz Syms (pictured above), sales director Kevin Thomson, and director for mortgages Jane Benjamin will remain in place as part of the senior leadership team.

“This marks the next step in the evolution of Connect and will enhance our position as a major player in the specialist mortgage network market,” said Liz.

“The operations of both groups overlap without competing and by working together we will be able to secure additional benefits and operating efficiencies. 

“We are really looking forward to working with the MSS Group team, which has an impressive background in supporting business growth. 

“The financial stability and logistical support provided by MSS Group will enable us to further develop our already market-leading proposition in order to be able to continue the significant growth we have achieved over the past two years.”

Rob Clifford, CCO at MSS Group, added: “Liz and her team have done a hugely impressive job of building a fantastic business at Connect and one which we have admired for some years — we are really looking forward to working with them to help support their growth plans. 

“MSS Group already has extensive relationships with mortgage lenders as a surveying and valuations partner and we intend to extend the group’s reach in terms of aggregating mortgage lending and building deeper relationships with those lenders.”

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