The Property Franchise Group has taken a 25% stake in Meridian HoldCo, the parent of Legal & General Surveying Services, in a move to expand its role within the mortgage ecosystem.
The £2.5m investment brings the group closer to the valuation and surveying side of the lending process, strengthening its position across the mortgage value chain.
Legal & General Surveying Services provides valuation, panel management and survey services to banks, building societies and specialist lenders, making it a key part of the underwriting and approval process.
The deal reflects a broader trend of integration across the mortgage market, as firms look to connect distribution, advice and valuation services more closely.
IMPROVED TRADING
The business generated revenues of £43.7m in 2024 and has shown improved trading performance since being carved out of Legal & General Group plc in 2025.
TPFG said the investment will make a modest contribution to earnings in 2026, with stronger returns expected as the business continues to grow.
The move is aligned with the group’s strategy to build out complementary services that support brokers, lenders and advisers operating across the mortgage lifecycle.
NATURAL FIT
Gareth Samples (main picture, inset), CEO at The Property Franchise Group, 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.”
MORE FIREPOWER
Richard Sexton, managing director at Legal & General Surveying Services, added: “TPFG is a natural strategic partner for LGSS.
“Their reach across the UK residential property market, combined with their established mortgage distribution networks, is highly complementary to the services we provide to our lender clients.
“This investment provides additional firepower for our growth.”
