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DA firms facing a struggle

Mortgageforce director of distribution Stuart Johnson says directly authorised firms not affiliated with a network or a franchise will suffer.

He said: “I think DAs that are not affiliated or are not part of any of those distribution routes will find they are excluded from some products.”

Vision Network marketing director Payam Azadi said: “Lenders are much more comfortable with networks because they will do more vetting.”

But Castleview Independent Mortgage Brokers director Clare Chantrey said DA firms have a choice in joining mortgage clubs.



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