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Mortgage Options and estate agent in joint venture

Andrews Estate Agency and Mortgage Options have jointly set up Mortgage Options (Partnership Division).

The company will be run by Rob Everett, managing director of Mort-gage Options. Andrews says its investment in Mortgage Options will further establish both firms as secure and well capitalised.

The new company will become an appointed representative of Legal & General network and will be the eighth largest mortgage and protection intermediary firm within the network.

Mortgage Options will continue to offer a directly authorised proposition. Mortgage Options (Partnership Division) will offer mortgage and protection advice to clients, both directly and through estate agencies.

Everett says: “Mortgage Op-tions’ partnership with Andrews will strengthen both companies. It will enable Andrews to increase its penetration of the financial advice market, while Mortgage Options will have a new proposition for advisers and clients and will boost the number of estate agencies through which it operates.”

Chris Chapman, financial ser-vices director of Andrews, says: “Mortgage Options’ advisers will now have access to exclusive mortgage products through the Legal & General network and Andrews will benefit from greatly increasing its share of the financial services market.”

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