MGM Home Finance has added an option for its appointed representatives (ARs) to introduce The Business Mortgage Company (TBMC) and Go Business Mortgages when taking on commercial mortgage enquiries. The decision followed consultations with its ARs on which new markets it should enter.
Commenting on the move, Steve Hoare, business partner relationship manager for MGM Home Finance, said: “We listened to what our ARs required and then went out to get it for them. They will be able to refer their clients to either of our new partners, who will then deal with the clients directly, keeping our advisers fully up-to-date so they can continue to advise on the protection products that will be needed at the appropriate stage in the sales process.
“I am pleased we have been able to forge an agreement with two companies that share our business ethos and believe the arrangements will prove to be profitable for all concerned.”
Andy Young, managing director at TBMC, said the company link up would allow MGM AR’s to access TBMC buy-to-let and commercial products. He said: “We are happy to announce our new relationship with MGM and are planning our launch to coincide with its Summer conferences. In joining its panel we will not only offer MGM a buy-to-let solution but can also provide a commercial mortgage platform. These markets provide great opportunities for mortgage intermediaries.”
Hoare confirmed the addition of the commercial mortgage proposition to the MGM Home Finance proposition was the first of several initiatives planned to benefit its ARs over the coming months.
