Inter-Alliance is launching a mortgage and general insurance network this week.
Mortgage development director Stuart Wilson says the priority will be to harness the advisers in the group, half of whom are qualified as mortgage advisers.
Wilson says the network will be taking on qualified mortgage advisers and is unlikely to give a home to one-man bands. He says: “The small players have had their chance and now it is up to the big players to make their intentions clear. Inter-Alliance is taking principal status and our priority will be our existing internal advisers and we have just over 1,000 in our group.”
Premier Mortgage Services head John Malone says: “The mortgage clubs will be dealing with a large number of lenders and my understanding is that lenders want to work with organisations with a proven track record to deliver cost-effective business.”