TMA insists that there is still a great deal of support in the market for directly authorised firms in the form of trade bodies, mortgage clubs and a number of outsourcing opportunities. Flexibility and the freedom of choice are key to directly authorised offerings and such firms remain in prime position to explore new sectors and develop relationships with high quality business partners in order to gain access to additional income streams.
Phil Whitehouse, head of TMA, commented: “Historically the mortgage market has been full of choice and flexibility and despite the turbulence of the current financial climate these key elements remain in abundance. While the debate over the merits of being directly authorised or an authorised representative continues, directly authorised firms still have a plethora of choice in terms of support they can receive from various elements in the marketplace.
“In times where maximising opportunities is of utmost importance looking at creating relationships and affiliations across a number of sectors must be a high priority. However, it is vital that firms choose their partners wisely and look to ones who will genuinely add value to their proposition.”
