Money Partners snaps up stake in Residential 1

In a story where we will probably see a RNS (Regulatory News Service) announcement tomorrow (Monday) from Kensington Group PLC, Money Partners is said to have taken a stake in Bromley based secured loans specialist Residential 1.
Residential 1 has grown significantly in recent months and agreed a partnership to package secured loans on behalf of Connect mortgages in July.
This news item follows stories that Money Partners had announced a 147% increase in completed loans and that Kensington has increased its stake in Money Partners.
It seems that this purchase (or at least stake building) is further evidence of Money Partners building up its strength in the secured loans market and is perhaps a sighter for more market consolidation coming down the line.