Money Quest Group’s growth continues as the business acquires Loans Actually
- Published: by MoneyQuest HQ
- Category: MQ News
National mortgage broking organisation, Money Quest Group, has purchased sub-aggregation business, Loans Actually, to further strengthen the group’s service proposition, and assist Loans Actually brokers with building successful businesses.
The transaction marks Money Quest Group’s third acquisition to date.
Loans Actually members will now be able to leverage Money Quest Group’s premium support services, as they operate alongside the company’s franchise operation (MoneyQuest) and sub-aggregation business (Buyers Choice).
Loans Actually was launched in February 2005 and was named PLAN Australia’s Business of The Year (Vic/Tas) in 2018 and 2019. The company’s founder, Barry Oxley, said that the acquisition will benefit Loans Actually brokers in a number of ways.
“Under Money Quest Group, Loans Actually brokers will gain access to additional resources and services, as well as industry leading technology. 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.”
“We are confident that our brokers and their clients will be well served under Money Quest Group, due to the reputable professionals they have at the helm and their impressive history. Our friends at Buyers Choice have enjoyed a smooth transition across to Money Quest Group, and we have no doubt that our experience will be the same.”
Mr. 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, said that the acquisition was a logical one to make due to the cultural alignment of the two businesses, and the high number of strong performers within the Loans Actually network.
“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.”
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