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TMB denies it plans to slash packager panel

The Mortgage Business has denied rumours that it is to slash the number of packagers it uses.

Since TMB&#39s slow relaunch into the market at the beginning of the month the packaging community has been alive with rumours that a reduced packaging panel was a given, with many attempting to discover more details on the subject.

But Mark Bergin, sales and marketing director, says that there is no truth in the rumours.

He adds: “Packagers remain an important part of our distribution strategy. There is no underlying desire to get rid of packagers. People have simply jumped to the wrong conclusion.”

While packagers may come off and on to its panel, he adds, this is just the usual ebb and flow of business and should not be seen as representative of a more sinister grand scheme.

However, TMB will be insisting that the packagers it uses sign up to an enhanced code of practice.

If it finds that some packagers are not able to live up to the standards that the firm expects TMB will stop doing business with them.

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