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Bigger role for Young

Misys head of mortgage services Andy Young is having his role extended to negotiate deals with lenders for all its five networks.

Young, who joined last year from Zurich IFA, previously managed mortgage business for the 4,000 advisers in Misys&#39 IFA Network, Countrywide, Kestrel and Financial Options networks but his negotiating responsibilities will now cover DBS&#39s 3,000 members as well.

Philip Holroyd will remain managing director of DBS Mortgage Services.

Young believes the move will give him more bargaining power to get better procuration fees, exclusive deals and enhanced services for members.

He says this is also a win-win situation for lenders as it gives them one route of access to 7,000 IFAs.

Young says: “I will be dealing with lenders on behalf of the 7,000 members of all five networks, who account for 25 per cent of the IFA population in networks in the UK. This will offer more leverage to IFAs.”

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