The combined group will now have over 500 advisers which MAB says will top £4.5bn in mortgage applications.
Mortgage Talk’s chairman Peter Birch will join the MAB board as the second largest shareholder while Peter Brodnicki, chief executive of MAB, will continue to run the company and will retain majority stake in the MAB Group.
The news follows last week’s news that MAB reported £1.9m pre-tax profit.
The adviser network said the Mortgage Talk brand and its reputation in the new build arena was a key driver in facilitating the deal and the network had planned significant expansion for the specialist sector.
Brodnicki said: “This is great news for both companies, as it will allow us to create a truly formidable force in the mortgage industry.
“I am really looking forward to working with the Mortgage Talk directors and management as we look to diversify and expand the MAB group, while retaining the focus on maintaining quality and increasing efficiency.
“The advisers and businesses that work with us are the key to our success, and the strengthening the MAB group can only be good news for them in terms of the support and solutions we can offer.”
And Birch said: “On a personal level I am looking forward to working alongside the MAB directors whom I have known and respected for many years.
“By combining two exceptionally strong senior management teams under MAB's market leading DA proposition, I am sure it will hugely benefit our existing partners and advisers.
“It will give us real scope to launch a new and truly innovative offering to builders and specialist new build mortgage brokers throughout the UK.”
