Property Franchise Group (TPFG) has acquired a 25% stake in Meridian Holdco for £2.5 million, further increasing its reach into the mortgage process.
Gives the investment group experience in the appraisal and survey activity that goes hand in hand with lending decisions and underwriting. Meridian is the owner of Holdco Legal and General Survey Services, providing valuation, panel management and survey services to banks, building societies and specialist lenders.
The move reflects ongoing consolidation in the mortgage market, where companies are more closely linking distribution, advice and property valuation services.
Legal & General Surveying Services has recorded revenues of £43.7m in 2024 and improved trading performance since its separation from Legal & General Group PLC in 2025.
TPFG expects the investment to make a modest contribution to earnings in 2026, with the potential for returns to increase as the business develops.
The deal is in line with the group’s strategy to expand its presence in services supporting brokers, lenders and advisors across the mortgage lifecycle.
Gareth Samples, CEO of TPFG, said: “Residential Surveys is a natural fit for our franchise and financial services divisions and this investment further strengthens TPFG’s involvement in the mortgage value chain.
“We will continue to pursue complementary acquisition opportunities that strengthen the platform and generate incremental returns.”