The network has also announced the appointment of Martyn Bell as head of its network. Bell joins Professional Mortgage Partnerships with a background of over 25 years in financial services. His role will be to ensure that the network offers excellent products and service to
cover the needs of all its appointed representatives plus continuing to offer support for directly authorised brokers.
Bell says:”The MTA letter is an important first step on the road towards authorisation, but we are preparing, as should all networks, for a
rigorous appraisal by the FSA, which I am confident we will satisfy on all counts.
“I have worked for many years in a regulated environment and I am aiming to ensure that our network has the quality of systems and personnel to fulfil the most exacting standards.
“The network has recently appointed several experienced compliance officers, and is completing a programme of staff recruitment to its
Darlington headquarters. More than 120 brokers have already been awarded interim letters of agreement for appointed representative status.
“The numbers of members already signed, and the daily level of applications, means that we should be one of the bigger players on November 1. The level of business we will generate in mortgages and insurance products has enabled us to negotiate extremely favourable deals with providers. ”