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New network officially launches today

Stonebridge Group has officially changed its permissions today to become the mortgage market’s newest network.

Set up in 1988, Stonebridge was originally a tied agent of Legal & General and had built up into a firm of some 76 business writers.

On Mortgage Day in 2004, while it retained its tied operation via L&G, it also set up a trading model whereby advisers used Stonebridge’s Financial Services Authority number and each new firm was added to its consumer credit licence.

But now the firm has made the decision to become a traditional appointed representative network.

As of yesterday, all 66 firms consisting of some 111 advisers will have been transferred over from its old trading model to the new network, where they will all work under their own respective FSA numbers.

To read more, see this week’s issue of Mortgage Strategy.




Your chance to grill the FSA at MBE

The Association of Mortgage Intermediaries is calling on brokers to submit their questions to the Financial Services Authority in advance of next week’s Mortgage Business Expo.

Precise expands its distribution

Hot on the heels of its official authorisation by the Financial Services Authority earlier this week Precise Mortgages has expanded its list of distributors and launched its Autumn buy-to-let product range.


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  • Damien Brassneck 1st November 2010 at 12:35 pm

    I wonder if the FSA had anything to do with this decision?

  • Damien Brassneck 1st November 2010 at 11:25 am

    Might the FSA have had a hand in this decision I wonder?