Broker Hamptons International Mortgages is looking to find IFAs outside London who are interested in starting a business referral relationship.
Hamptons' agreement with London IFA Master Adviser means it passes regulated business to the firm while Master Adviser refers mortgage business to Hamptons.
Outside London, Hamptons works with Bath IFA Caven-dish Grant and is interested in finding more firms outside London which are willing to refer mortgage business in return for life, pension and investment referrals.
Managing director Kevin Duffy says Hamptons and its appointed representative Square Mile get around £250,000 of mortgage business a year from Master Adviser. He says Hamptons refers back slightly less business but is keen to imp-rove this.
Duffy says: “I believe in the maxim that a good mortgage broker does not always make a good wealth manager and vice versa. Our arrangements work well as there is generous commission sharing on both sides.”