The Essex and Chester based mortgage and insurance network will negotiate a tied in period with firms.
Ingard Financial is offering new appointed representative firms up to 12 months of free compliance – which includes access to its MortgageBrain sourcing system, CRM system and PI insurance.
The Essex and Chester based mortgage and insurance network – which currently has around 80 ARs and company representatives – will negotiate a tied in period with firms.
Brokers can also utilise Ingard’s distribution arm in Chester which caters for first and second charge, commercial, bridging, equity release and insurance.
David Ewing, managing director at Ingard, said: "We are aware that many brokers and firms want to consider an alternative to their current arrangements but find it financially prohibitive to move. We hope this incentive will show brokers that we understand their needs and requirements.
“We’re here to help brokers sleep at night by checking every case that comes through our door to minimise the risk of fraud or silly mistakes.
“Some of our brokers are doing 30 to 35 cases per month so you’re bound to make errors.
“We’re more than a normal network because we have a specialist distribution arm which gives more security from a compliance perspective.”
Ewing is currently meeting with five potential appointed representative broker firms after unveiling the 12 month incentive.
He added: “We’re looking for the right calibre of broker that has a client database and wants to be an AR.”
