Andrews Estate Agency invests in Mortgage Options
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Andrews Estate Agency has invested in Mortgage Options and the firms have jointly set up a new venture called Mortgage Options (Partnership Division).
The new company will be run by Rob Everett, founding director of Mortgage Options. As part of the agreement, Andrews has made an investment in Mortgage Options which it says further establishes both companies as solid, secure and well capitalised.
The company will become an appointed representative of Legal & General Network - the two companies combined will form the eighth largest mortgage and protection AR intermediary firm within the Legal & General network.
The new Mortgage Options (Partnership Division) will offer mortgage and protection advice to clients, both directly and through estate agencies.
Rob Everett, managing director of Mortgage Options, says: “Mortgage Options’ partnership with Andrews will strengthen both companies; it will enable Andrews to increase its penetration of the financial services advice market, while Mortgage Options will have a new proposition for both advisers and clients and it will increase the number of estate agencies through which they operate.
“The move to Legal & General makes perfect sense for Mortgage Options and its advisers.
“Andrews’ financial services arm has been an appointed representative of L&G for six years and it makes sense for our new company to do the same to take advantage of the enhanced facilities that Legal & General offers.”
Chris Chapman, financial services director of Andrews, says: “This aggregation of business with Mortgage Options will ensure the stability and growth of both firms, in what is currently a difficult financial market.
“Mortgage Options advisors will now have access to exclusive mortgage products through the Legal & General network, with greater support and Andrews will benefit from greatly increasing its share of the financial services market.”
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Readers' comments (2)
Mark | 7 Dec 2010 12:42 pm
I hope this estate agent is not going to be like so many others in the respect of, telling their purchasers and vendors that, they have to use their financial services if they want to buy the property through them!!!!!!! I would say that, nearly all the agents I come across are doing this.
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Tony | 7 Dec 2010 2:08 pm
In response to marks comments. Im sure that they will tell any potentail client to see an independent mortgage broker even though they have their own inhouse one. As a broekr your best options are to link up with an agent as many no longer have inhouse brokers or find solictors and accountants to work with as theior previous relations may been cut due to so many advisers leaving the industry. this is a prime time to start building yourselves up again with introducers to your company. Also maybe look at setting other links with other companies where you can divert your client and recive some form of kickback.
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