BetterHome Group Limited

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Investec acted as financial adviser to BetterHome Group (“BetterHome”) on its proposed acquisition of Mortgage Support Services Ltd, supporting the Group in evaluating and structuring the transaction over a tight four-week timeline. By combining financial advisory expertise with financing capabilities across South Africa and the UK, Investec delivered an integrated solution to help BetterHome undertake a significant cross-border investment and advance its growth ambitions in the UK mortgage intermediary market.

Transaction overview

Investec SA's Leveraged Finance team, together with Investec UK’s Direct Lending team, provided acquisition financing in support of the transaction. BetterHome, through Josewin Limited, has agreed to acquire Mortgage Support Services Ltd, the parent company of Stonebridge Mortgage Solutions and a portfolio of UK mortgage, protection and technology businesses.

The acquisition represents a further strategic investment by BetterHome, following its investment in HLPartnership in 2024. The investment is intended to support the next phase of growth for Mortgage Support Services and Stonebridge, providing access to additional resources and expertise while building on their existing teams, member proposition and industry relationships.

Subject to FCA approval, the combined platform will comprise more than 2,800 advisers across approximately 1,200 firms and facilitate more than £30 billion of mortgage lending annually, positioning BetterHome Group as a top-three UK mortgage intermediary network. 

"I want to give a very special thank you to Investec and the broader Investec team for your unwavering support, not only throughout this transaction but throughout our 20-year journey together. Thank you for continuing to support us right until the end and helping us make this possible" - Rudi Botha, BetterHome Group Limited CEO

About BetterHome Group 

BetterHome Group is a leading participant in South Africa’s residential property market, with activities spanning property search, mortgage origination and advice, technology, data and insurance. The Group accounts for approximately 35% of South Africa’s mortgage market and facilitates c.20% of property sales in the country.

BetterHome Group has also established a growing presence in the UK through its investment in Josewin Limited, the parent company of HLPartnership, a UK mortgage and protection adviser network. Its proposed acquisition of Mortgage Support Services represents a further step in the Group’s long-term commitment to the UK mortgage intermediary market.