The Inter-Alliance group has announced that its subsidiary Sage Financial has received its minded to approve notification from the FSA.
With Trinon, another Inter-Alliance brand, authorised through Sage, the group says that effectively two of the group's mortgage networks can now approach their respective markets with more confidence than before.
Helen Davis, distribution development director at Inter-Alliance, says: “This is great news for both Sage and Trinon. We can now go full steam ahead and recruit into Sage targeting IFAs who also give mortgage advice and Trinon where the focus is on mortgage and GI specialists. Both propositions feature an all of market lending panel and this is stimulating a huge amount of interest.”
Stuart Wilson, mortgage development director at Inter-Alliance, adds: “I am convinced that many mortgage advisers wanting to be ARs have held back from making a firm commitment whilst network approval from the FSA was outstanding. Now we have that approval we can process applications for real and start arranging the necessary training courses.”
With more than 1,200 advisers across the group Inter-Alliance is a significant distributor of mortgages and is also positioning itself to address the general insurance market with a proposition.