MTG has seen meteoric growth in its AR population over the last two years, and has been the fastest growing mortgage and insurance network since January 2006, where the number using its network services has grown from 167 firms to 519 currently, according to the FSA register.
The Group has also seen huge growth in its packaging division and general insurance side, but has continued to be inundated with AR applications as a result of its series of successful Business Development Forums that have taken place nationwide in 2007.
Figures published by the Group attribute this growth to a flat-fee payment structure, with access to exclusive PI cover, combined with no minimum-term contracts, giving intermediary partners the flexibility to know they can leave at any time.
The research also suggests that becoming an Appointed Representative of MTG is also less than half the price of taking the directly authorised route.
Chris May, director of The Mortgage Times Group, commented: “We’re absolutely delighted to announce this today, and to establish a huge foothold in the market as the largest mortgage network in the country.
"By becoming the biggest mortgage network and packager in the UK, this puts us in the driving position for years to come, but we see this as the mid-point of our growth in the mortgage and insurance network arena; indeed we have over 100 more firms in the pipeline to add to the figure that we are currently processing.
"I’d like to thank every individual of every firm for this milestone and long may this success continue. We’d also like to thank those key partners who have helped our rise to the top. ”
