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's offerings.
M2000 already offers m2i, a compliance service for brokers seeking direct authorisation.
HomeLoan Partnership's 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's 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's products regardless of which status they choose.”