And really justify the position of branded lender facilitating distribution by network panels.
Peter Bass, Head of Sales and Marketing commented:
"We provide fast, efficient and compliant product delivery to members of the many prestigious mortgage networks that we now support, in a way that a traditional packager or individual lender simply can't. Thereby increasing the effectiveness and profitability of brokers in all aspects of this complex sector.
Our proposition is equally attractive to directly authorised firms - the bigger the firm greater the benefits."
Peter Beaumont, Sales & Marketing Director at MPLC says:
"I am delighted to hear that Advantage has received its MTA. As a lender who is heavily involved in branded lending we welcome the fact they will be directly regulated by the FSA and feel this is a very positive development for the branded lending community."
Jeremy Duncombe, Head of Sales at Platform added:
"Platform welcome this move because it means we will not have to put a potentially onerous service agreement in place with Advantage, that would be both costly to enforce and disruptive to both businesses, as they will be fully accountable to the FSA in respect of future conduct."
