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L&C looks to boost mortgage academy

Mortgage broker London & Country has revealed that it is searching the mortgage market for existing brokers to join its academy and retrain as well as new graduates.

The brokerage is hoping its latest round of recruitment will see another 10 to 12 advisers joining the academy. This comes after a recent intake of 12 in January and will take the total sales force to over 170.

L&C says the existing brokers signing up to the academy will take part in an intensive induction programme to help reassure them that there is still money to be made as a directly authorised mortgage broker.

L&C technical manager Richard Morea says in the past almost all of L&C Academy entrants were graduates but now the brokerage is looking for existing brokers who have recently been made redundant.

Morea says: “Given the current climate and given the high level of redundancies, there are a lot of good brokers out there. We want to bring them in and assure of the safety that the L&C umbrella brings.”

L&C says it assures new brokers that its capital strength and its relative aversion to specialist mortgages in the past has made it a strong brand that remains profitable.

Morea adds: “We are very confident that L&C will still be around after the downturn so we are trying to get that across to potential academy entrants.”

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