The Property Franchise Group (TPFG) has acquired a 25% stake in Meridian HoldCo for £2.5 million, extending its involvement in the mortgage process to include valuation and surveying services.
Meridian HoldCo owns Legal & General Surveying Services, which provides valuation, panel management and survey services to banks, building societies and specialist lenders across the UK. The firm reported revenues of £43.7 million in 2024 and has shown improved trading performance since its separation from Legal & General Group plc in 2025.
Mortgage market consolidation
The transaction reflects broader consolidation trends in the mortgage market, where firms are integrating distribution, advice and property assessment services. Similar activity has been observed across the lending sector, with development finance providers and specialist lenders seeking to streamline the mortgage lifecycle.
TPFG, which operates estate agency and financial services franchises, expects the investment to contribute modestly to earnings in 2026, with potential for increased returns as the business develops further.
Gareth Samples, CEO at TPFG, said: “Residential surveying is a natural adjacency to our franchise and financial services divisions and this investment further strengthens TPFG’s participation in the mortgage value chain. We will continue to pursue complementary acquisition opportunities that strengthen the platform and generate accretive returns.”
Market implications
The deal positions TPFG to capture additional revenue from property transactions by controlling more stages of the mortgage process. For property investors and buyers, the consolidation of services under single ownership could influence processing times and service delivery in the valuation and survey stage of property purchases.
The investment provides TPFG with exposure to a business serving major financial institutions, potentially offering cross-selling opportunities across its existing franchise network of estate agents and mortgage brokers.
