The Property Franchise Group (TPFG) has acquired a 25% stake in Meridian HoldCo for £2.5m, extending its reach further into the mortgage process.

The investment gives the group exposure to valuation and surveying activity, areas that sit alongside lending decisions and underwriting. Meridian HoldCo owns Legal & General Surveying Services, which provides valuation, panel management and survey services to banks, building societies and specialist lenders.

The move reflects ongoing consolidation across the mortgage market, where firms are linking distribution, advice and property assessment services more closely.

Legal & General Surveying Services reported revenues of £43.7m in 2024 and has recorded improved trading performance since being separated from Legal & General Group plc in 2025.

TPFG expects the investment to contribute modestly to earnings in 2026, with potential for increased returns as the business develops.

The deal aligns with the group’s strategy to expand its presence in services that support brokers, lenders and advisers across the mortgage lifecycle.

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.”