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MBSL looking to poach Classic ARs

Mortgage Broking Services is planning to poach up to 30 of Classic Network Solutions’ 64 appointed representatives.

The subsidiary of Manchester Building Society, which had what it describes as a “substantial” bid to buy Classic rejected two weeks ago, is now looking to add to its 99-strong AR base.

MBSL managing director Tony Corrigan, who quit from the same role at Classic in September, says he is confident he will hit his target after writing to Classic’s ARs over the past few weeks.

He says: “We have offered brokers an incentive to join MBSL which significant numbers are considering and it looks like we will get a good uptake. We would only take around 30 firms or less. We made an offer to buy Classic two weeks ago but it is dead now. We made a substantial offer but it was rejected.”


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