M2000 makes HomeLoan its network

Mortgage 2000 has taken a controlling stake in HomeLoan Partnership to turn it into its exclusive appointed representative network.

The deal will enable existing network members and intermediaries who wish to become ARs access to a range of products, services and support, plus M2000&#39s offerings.

M2000 already offers m2i, a compliance service for brokers seeking direct authorisation.

HomeLoan Partnership&#39s network will offer sales, sourcing and compliance software as well as regulatory support and exclusive deals with lenders.

Rather than taking a fee to join, the network will take a percentage of proc fees and commissions according to the size of each broking firm.

Mortgage 2000 compliance and regulation director David Payne will sit on the HomeLoan Partnership board as a non-executive director.

There will be no change to HomeLoan Partnership&#39s name other than the colours of the logo which will change from orange and black to red and blue.

Sean Hornsby, managing director of Mortgage 2000, says: “This deal allows mortgage intermediaries access to Mortgage 2000&#39s products regardless of which status they choose.”