An appointed representative of Connect, TFC will focus on arranging a variety of funding deals —including bridging, commercial, semi-commercial, BTL and development finance — through its panel of over 170 lenders.

At TFC, Magnus will take the role of executive director, while Nick will be the firm’s managing director.

Nick will be responsible for shaping TFC’s proposition and managing the company’s operations, as well as providing strategic guidance to ensure the business achieves its objectives.

On a day-to-day basis, Nick will maintain introducer relationships, keep service levels high and develop sales training processes.

Both Nick and Magnus bring together decades of experience in the finance sector.

Nick started his career in 2005 at RBS where he worked for over eight years, after which he became the sales and operations director at Capricorn Financial Consultancy.

•   What does the specialist finance industry need in 2023 and beyond?
•   TAB appoints new chief risk officer
•   TAB completes £34m of loans in August

Meanwhile, Magnus held numerous roles at various companies — including Montello, Ortus Secured Finance, Propfin, LendInvest and, most recently, London Belgravia Brokers — throughout his 35-year career.

“I want to put our clients at the heart of transactions — we’ll do face-to-face meetings without charging clients to meet us, our fees will be low, and we’ll offer holistic advice,” said Nick.

Magnus added: “We will help any broker who is less familiar with the intricacies of specialist finance, as well as underserved corners of the market; no job is too large, no loan is too small.”

Talking about TFC’s targets, Nick stated that the firm is looking to recruit five additional advisers by January 2023, and another 10 by the end of next year.

He also confirmed that it aims to complete 100 mortgages every month, and grow the overall business by 40% year-on-year.

Duncan commented: “I have been thinking about acquiring a brokerage for a while, but with people like Nick and Magnus on board, I realised that we could be more ambitious and grow a business organically.

“TFC is a wholly independent business with necessary measures taken to ensure separation from TAB, such as Chinese walls, in place.”