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Mortgage network launches DA service

Mortgage network launches DA service

Mortgage network Stonebridge has launched a new proposition for directly authorised (DA) advisers.

Stonebridge Genus offers DA firms and advisers access to range of products and services, including choice of mortgage club, conveyancing and surveying.

Richard Adams, managing director of Stonebridge Group and Stonebridge Genus, said: “…It has been obvious for some time that many DA advisers were looking for a proposition that also offered them the benefits of our relationships and the terms we have been able to secure.

“We all know that this current period, post-EU referendum, is uncertain and there will be many firms and individual advisers who value their independence, but also want to feel part of something bigger than themselves, which is able to offer them support, structure and opportunities they may not be able to secure on their own.”

Stonebridge Genus has already attracted over 100 DA users.

Members are not charged subscription fees to join, and gain paid-for membership to the Association of Mortgage Intermediaries and discounts on CeMAP training.

The service also includes support for marketing, business development and human resources.

Earlier this month, a poll from Bridging & Commercial Distributor found that 59% of brokers believe DA firms are better off than authorised representatives.

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