Site Map   FAQ   Home

Choose the right network

We’re here to help you

And to help your business grow

Click on this bar to refer to the accompanying article at any time.

Analysis of the Network Performance Tables for the Third Quarter of 2010

Currently industry commentators opine on what impact MMR will have on the distribution channels within the market place, the eagerly awaited consultation paper expected in November will add further comment on this matter. I believe that we operate in a continually mutating industry and have to accept that “change” is one of the constants. Any firms that have been able to weather the trading conditions over the past two years are obviously resilient and hopefully remain so through whatever changes lay ahead. I agree with many who believe that further consolidation is on the horizon but would hope that we don’t see major contraction. Will the impending changes in the regulatory landscape force firms to change their status from DA to AR or visa-versa? I have heard arguments from both sides of the fence and still firmly believe it is most definitely horses for courses.

During the last quarter unfortunately we witnessed another network go by the wayside when Bridge Home Finance were forced to apply to cancel their permissions. However small a network may be, it is still saddening to see this happen.

Pink show the biggest gross and net loss of AR firms for Q3 attributing almost 13% decline in AR numbers and causing a drop from 5th to 7th place on the table. There are no massive winners this quarter although First Complete, Mint and Home Loan Partnership show the biggest net growth. Openwork, Intrinsic and the previously mentioned pink show the biggest net loss. While the remainder of the networks on the table show minimal net movement.

As far as the table is concerned we would like to extend an invitation for any smaller networks to contact us. We may be aware of many but there are undoubtedly others currently off our radar and to give a broader industry picture we may include them in future tables. Another consideration with future tables is whether to include Introducer AR’s within a networks total AR numbers. This does make the task more tedious but has to be considered.

If you are currently looking for a new mortgage network we can help.  Please click here for our contact form or click on the following link if you wish to know more about Which Network Ltd