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Bankhall planning to expand into Europe

It says it will use its expertise gained in the UK to capitalise on the introduction of the European Insurance Mediation Directive which will bring regulation to all member states from January 15.

Group sales director Shaun Godfrey says: “The directive means that 250,000 firms across Europe are about to be regulated in some form or another.”

As well as Bankhall trying to recruit new members in Europe, starting with Ireland, it will help its UK members develop their businesses overseas.

Godfrey adds: “In theory British lenders will be able to sell a mortgage to a French national for example, so there should be a number of intermediaries asking us to help them set up in other countries.”

The expansion plan will be developed over the coming year.

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