The Mortgage Times Group is celebrating after 80% of all appointed representatives entering the market in May signed up with the networkLast month, 39 firms became ARs, of which 31 joined MT. These signings bring the number of ARs in Mortgage Times to 391.
Mortgage Times attributes its near domination of AR recruitment in May to the business development forums it has been running across the country. It says these have helped it attract firms.
Paul McGuirke, national head of sales at Mortgage Times, says: “We’re ahead of our target of becoming the largest mortgage network in the UK by the end of the year. The figures for May speak for themselves, demonstrating that we are growing at an astonishing rate.”
Dev Malle, director of mortgage distribution at Personal Touch Financial Services, who monitors AR numbers for Mortgage Strategy, says: “The market is aware that Mortgage Times is growing and has an aggressive recruitment strategy when it comes to ARs.
“But it must ensure it keeps tight control over quality. This is as important as AR numbers.”
Mortgage Times also says its recent link-up with estate agency Century 21 has been well received by its members.
As a result of the partnership, Century 21 plans to open more than 100 offices across the country over the next 12 months.
The alliance, formed in April, en-ables members of Mortgage Times to either be placed in Century 21 offices or have business introduced to them by representatives of the estate agent.
It also enables Century 21 to recruit brokers of its own. These will be integrated into Mortgage Times.