Which Mortgage Club Should I Join?
This blog talks about joining a Mortgage Club and becoming a Directly Authorised adviser. If you would like to explore Appointed Representatives and the role of a Mortgage Network, find out more about our Network and if it suits your needs or take a look at our blog ‘Which Mortgage Network Should I Join?’ to see if we are the right Network for you.
Directly Authorised
When following the guidelines set by the Financial Conduct Authority (FCA), the level of desired independence should be taken into consideration.
If the prospect of remaining independent appeals to you and taking responsibility for meeting FCA standards, then joining a club as Directly Authorised is the best choice. This will allow you to keep your independence whilst benefitting from additional support, marketing, technology and more. The key point to note is that you will be solely responsible for ensuring you work within FCA guidelines.
How does a Mortgage Club Work?
Mortgage clubs aim to help advisers retain and expand their customer base through resources and support. Mortgage clubs support advisers with resources like Point of Sales systems, adviser support teams, networking events, and regulatory updates. They also negotiate procuration fees with lenders, a key factor in adviser competition.
Joining a Club allows you to continue operating without having to abide by their inspection and approval process to ensure full compliance with the FCA. You will have access to a comprehensive range of resources, of which you can use at your own convenience. Mortgage Clubs vary in focus and service, with advisers often using multiple clubs for different needs.
Why Join Next Intelligence?
We are passionate about helping you achieve your business goals, and our Premier Mortgage & Insurance Club makes doing business easier for you. At Next Intelligence we have an extensive mortgage panel, exclusive products, alongside our flexible insurance panel with comprehensive provider offerings. Our practical day-to-day adviser support, partnered with market-leading software, helps you focus on what really matters.
If you would like to know if we are the right Club for you – Contact us or contact our Club’s Business Development Manager, Jon Santus at jsantus@experiencemi.co.uk or on 07800 549 365.
