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ARs should submit multiple network applications – PMN

Intermediaries looking to become an appointed representative should consider submitting membership applications to at least three mortgage networks in order to ensure they are able to continue trading from M-Day, according to PMN.

PMN believes that as many as 20 networks won&#39t be in a position to offering full network facilities to members by October 31st.

Managing director Dale Knight says: “My recommendation is that anyone seeking AR status through a network should submit applications to at least three networks &#45 including one of the big names. At least then the ARs back will be covered if their preferred choice doesn&#39t make the grade. I have no doubts that failing to have a contingency will cost an AR dear in the final analysis.”

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