Santander sells The Mortgage Alliance to LSL

The value of the gross assets acquired was £250,000. First Complete will retain the TMA brand, expanding its proposition to mortgage and insurance advisers who are directly authorised. TMA has been in operation since 1999 and is wholly owned by Santander, having come as part of Abbey's acquisition of Scottish Provident. It currently supports 3,500 directly authorised intermediaries. LSL Property Services has made several acquisitions in the last year, including networks Home of Choice (rebranded to First Complete) and Pink Home Loans. It has made no secret of its ambitious growt...