This new partnership with Mortgage 2000 will enable existing network members and other intermediaries, who wish to become an Appointed Representative of a reputable company, access to a full range of products, services and support available from the network, together with the market leading Mortgage 2000 Financial Group offerings.
Martin Cave, managing director of HomeLoan Partnership, said: "We understand that the professional mortgage adviser deserves a network that can deliver value, expertise and the prospect of revenue growth. To this end we are delighted to announce this agreement with Mortgage 2000. HomeLoan Partnership's AR network will provide essential services such as sales, sourcing and compliance software, regulatory support and exclusive deals with lenders. It has the essential infrastructure and resources in place to meet these criteria and the demands of statutory regulation.
One feature that differentiates us from other networks is our unique matrix method of setting membership costs which are simply expressed as a retained percentage of procuration fees and commissions according to the size and scale of each broker's business."
Sean Hornsby, managing director of Mortgage 2000, said: "Mortgage 2000 already offers a support services solution for mortgage intermediaries who want to become directly authorised. This is called m2i. HomeLoan Partnership will exclusively become the group's Appointed Representative alternative. This deal allows mortgage intermediaries access to Mortgage 2000's products regardless of whether they choose Directly Authorised or Appointed Representative status ahead of Mortgage Day (N4).
"Martin has considerable experience of network distribution having previously served as director of the Committee of Mortgage Packagers and prior to that, Chief Operating Officer at MGM Assurance. This is a unique deal whereby mortgage intermediaries can gain access to the full range of products and services available from the Mortgage 2000 Financial Group."
Members who join the network will gain access to:
- A simple cost structure
- MCCB membership in the run up to Mortgage Day at no extra charge
- Free sourcing and compliance software via Mortgage 2000's Encore sourcing system
- Comprehensive panel of general insurers via the Encore sourcing system
- Access to the Mortgage Trading Exchange available on Encore
- Comprehensive lending panel from m2-mortgage club
- Access to a panel of four packagers
- Free AMI membership
- Free Professional Advisor Alliance membership
- No application fees for joining
- FOS and FSCS Levies
- Reduced cost PI cover
- Independent status
As part of the deal, David Payne, compliance and regulation director at Mortgage 2000 will sit on the HomeLoan Partnership Board as a non-executive director. Payne was former operations director at the MCCB.
For an information pack, call Jackie Jay on 01903 602664
