The firm said its network now includes 150 member firms and 310 individual advisers.

Gemma Harle, managing director of Mortgage Next, said: “We have an active recruitment programme in place and are keen to talk to any potential new members who may be concerned about the quality of service they are currently receiving or the financial stability of their existing network.

“Clearly, 2009 is going to be a difficult year for everyone in the UK mortgage market, but I believe Mortgage Next is well positioned to take advantage of those market opportunities which do present themselves. We are financially robust, have strong backing, a growing base of brokers and excellent relationships with lenders and other product providers. Our objective is to continue growing our market share by offering a high quality, cost effective and dependable service to intermediaries.”