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FMO setting up adviser network

First Mortgage Options, which provides nonconforming and sub-prime loans, is setting up an intermediary network offering exclusive products, services and technology support.

FMO is aiming to have 200 member firms in six months and 450 by the end of the year.

It is running a series of 18 roadshows in the UK to attract members starting in Bristol on March 18.

The company ran a pilot for the network last September to a limited group of about 30 brokers.

It is putting together a panel of lenders and providers offering mortgages, non-regulated life insurance products and buildings and contents insurance.

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