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Stonebridge signs exclusive panel deal with Active Lending Solutions

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  • 08/02/2012
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Stonebridge signs exclusive panel deal with Active Lending Solutions
The Stonebridge Group has extended access to its limited life and protection panel to directly authorised members of mortgage club Active Lending Solutions.

The strategic partnership will enable Active’s 1,400 member firms to access products from Stonebridge’s panel of five providers: Aviva, Bright Grey, Friends Provident, PruProtect and LV=.

Stonebridge launched the limited panel exclusively for its ARs in October last year to sit alongside its whole of market offering. In choosing to work solely with the five providers, Active’s DA firms will have the opportunity to earn higher commission.

Richard Adams (pictured), managing director of Stonebridge Group, said: “Partnering with Active Lending Solutions allows us to offer our limited life and protection panel to a much wider broker audience.

“Active’s members will be able to enjoy the same quality of provider and product offering as Stonebridge AR firms, and take advantage of the potential commission increases available. It will also allow them to forge a closer, more in-depth relationship with the five providers on panel.”

He added: “Stonebridge’s focus may be on AR firms, but we are also committed to helping DA brokers across the marketplace.”

Gordon Covell, managing director of Active Lending Solutions, said: “To bring a wide panel of leading life providers to our directly regulated brokers is something Active has wanted to do for a long time.

“The debate on whole of market or limited panel has raged for years and many of the large estate agency groups have been working off panel for a long time and earning enhanced commission.

“We recognise that some brokers prefer whole of market, but we want to offer choice and believe many members will see this facility as a much-needed boost to income at a time when the mortgage market is bumping along the bottom and is likely to remain slow for the foreseeable future.”

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