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Analysis: Changing from AR to DA is not difficult with the right support


The mortgage advisory market often feels like a game in which, while we are all essentially on the same team, we are wearing different-coloured shirts and have been known to knobble our own players in order to score ourselves.

The mix of DA and AR firms can seem uneasy bedfellows and there can be a degree of banter over who is on the best path. Of course, each player/firm is different and their wants, needs and future goals will determine their choices.

However, we have often observed – as a DA distributor – that the more established a firm is, the more it wants to be fully in charge of its own destiny. So we have a process to help ARs move to DA status, which means weaning them off their network reliance and commitments and forging ahead.

This is clearly not a direction every AR firm will want to travel in but it is important to understand that changing status is not difficult.

If your needs change and you envisage greater opportunities as a DA firm, you can work towards this change with the support of businesses like ours. 

Pair up with one that can smooth the progression and develop all parts of your firm.



Analysis: Assist lenders with application process

In the buy-to-let sector, the role of the broker has never been more important in helping to ensure responsible lending. With greater emphasis placed on customers’ overall financial situation, they must be able to afford the loan both now and in the future. Rental income continues to be the main way of assessing affordability for buy-to-let […]


Aldermore increases bridging proc fees by 75bps

Aldermore has increased procuration fees for bridging cases by 75 basis points to 1.75 per cent. Further, the lender has slashed valuation fees by £500 for bridging customers until 1 May. Aldermore says customers will pay just £5 for a valuation on a residential property worth £240,000 and £310 for commercial premises of the same […]

Complaints and redress up in H2 2014, says FCA

Complaints about mortgages rose by 3.9 per cent year-on-year in the second half of 2014, according to the FCA. There were 78,537 complaints about mortgages between 1 July and 31 December 2014, up from 75,578 over the same period a year earlier. Complaints against banks increased by 1 per cent for H2 2014. The data […]

Axis Bank logo

Axis Bank UK set to launch later this month

Axis Bank UK will launch into the buy-to-let market on 27 April, it has confirmed. The lender, one of the biggest private banks in India, will target experienced landlords. A standard and a specialist range will be available, covering individual borrowers, limited companies, HMOs and ex-pat applicants. Rates will start from 3.79 per cent with […]


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