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Berkeley links with Zifa for mortgage initiative

Zifa Mortgage Network has signed a deal with Berkeley Network members allowing them to develop their mortgage business online.

Berkeley, which has 470 RIs and places itself as the fourth-biggest network, says the deal will ensure its members receive the “most comprehensive service package available”.

The joint initiative means Berkeley advisers will receive training, support services and marketing initiatives from Zifa. The new package will also include mortgage deals available exclusively to Berkeley members, which will be branded as the Berkeley Mortgage Network.

Members will be able to use a Berkeley-branded mortgage application form which Zifa says will be acceptable to the majority of lenders on its panel. Ten of the 13 lenders on the panel say they will work with the Berkeley-branded form.

Berkeley members will also be able to gain access to Berkeley-branded mortgage-sourcing software from Mortgage Brain. The venture takes effect from October 6.

Zifa Mortgage Network director Andy Young says: “This is a fantastic venture for Zifa Mortgage Network and proves the value of the proposition we offer.

“I am sure this joint venture will open up new opportunities for members and provide an invaluable way to establish and maximise a great source of new business.”

Berkeley Independent managing director Martin Banbury says: “We researched the market thoroughly to ensure our members received the most comprehensive service package available. We believe we have found that in the Zifa Mortgage Network and that this new alliance will reap great rewards for both organisations.”

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