Three options are being offered to those brokers who will not be authorised to give, or to those that will choose not to give advice, after October 31. There are no application fees or ongoing charges, and Introducers will face far less or no regulation or compliance worries (depending on the Option taken) as clients will receive full advice through TMO's business to consumer brand, The Mortgage and Loan Group.
MLG's advice team will take care of the compliance burden because their advisers are trained to provide appropriate advice and to convert leads effectively. This enables the Introducer to concentrate on obtaining other business leads.
Stuart Johnson, TMO sales and marketing director, says: “We believe our introducer offering is unique in the marketplace and feedback so far from our Members has been exceptional. We expect growing interest in the introducer route the nearer we get to M-Day, and we have the resources in place to meet this demand.”
Roadshow dates are:
September 15, Bristol
September 16, Birmingham
September 21, Newcastle
September 30, London
October 5, Bolton