First4Brokers, the newly launched mortgage network, is inviting broker firms of any size to complete a fastrack approval form.
With the creation of this process, F4B promises to confirm within 48 hours whether a due diligence' process is required. Following
completion of the full application form, F4B will then undertake due diligence and give full approval within just 14 days.
One week since its official launch, F4B is currently processing 30 applications for assessment for Appointed Representative, which includes one to two man bands through to firms with 70 plus advisers.
Charles Gooding, managing director of F4B, says: “Mortgage Day is no longer something brokers can keep putting off. We know that a significant proportion of brokers have not applied directly to the FSA and have still to make suitable arrangements with a network.
“With less than six weeks to go they need to get organised fast. For that reason, we have created a system that streamlines the application process without compromising our high standards of assessment. It also offers brokers peace of mind with an immediate response. Although there is limited time available we are doing all we can to help.”