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Money Partners launches direct-to-broker arm

Money Partners has announced it is launching to the direct-to-broker market under the brand ‘Money Partners Touch’.

MPT will launch in December, formed through the acquisition of brokerage Residential 1, and is to be marketed to non-packaging brokers, introducers and IFAs.

It will provide advisers with processing and packaging services, electronic decisions, online case management and direct access to Money Partners’ full range of specialist mortgage products.

Money Partners chief executive Colin Sanders says: “This is an important move forward for Money Partners. We have deliberately controlled our growth and distribution in our first two years of operations.

“The next phase in our development is to take the Money Partners proposition to the wider, non-packaging introducer community. We’re not the first to do this and I won’t try to gloss it up as a next generation offering.

“What we will do is keep it simple and straightforward because we want introducers to have access to our products in a way that works for them and their clients.”

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