Money Quest acquires Loans Actually
Money Quest Group has acquired sub-aggregation business, Loans Actually. The transaction marks the group’s third acquisition to date.
Loans Actually brokers will now operate alongside the company’s franchise operation (MoneyQuest) and sub-aggregation business (Buyers Choice).
Loans Actually was founded in February 2005 by Barry Oxley.
“Under Money Quest Group, Loans Actually brokers will gain access to additional resources and services, as well as industry leading technology,” Oxley said. “They will also be supported by a larger team who possess a diverse set of skills and an extensive knowledge base.
“We have peaked in terms of the level of support we can offer our members, and it is now time for Money Quest Group to help take our brokers’ businesses to the next level.”
Oxley referenced Buyers Choice’ smooth transition to the Money Quest Group. “We have no doubt that our experience will be the same,” he said.
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.
Money Quest Group managing director Michael Russell described the purchase as a logical next-step for the national business.
“Money Quest Group and Loans Actually share similar values and enjoy a likeminded culture. We are looking forward to empowering Loans Actually members with additional knowledge, skills and professional development opportunities to further build their businesses.
“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.”