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Exclusive: MAB signs 29 ARs to new-build network

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  • 09/05/2012
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Exclusive: MAB signs 29 ARs to new-build network
The Mortgage Advice Bureau New Homes Network is set to induct 11 new members next week, joining the 18 ARs previously at Mortgage Talk, bringing its membership to 29.

The AR proposition for brokers that deal with new homes launched after Mortgage Advice Bureau Group announced the Mortgage Talk buy out on 19 March.

In an exclusive interview with Mortgage Solutions, Brodnicki said the Mortgage Talk merger into MAB lays the groundwork for ambitious growth plans.

“The Mortgage Talk brand and reputation in the new build arena was a key driver in facilitating the deal, with significant expansion planned on the back of an exciting new AR proposition focused on this specialist sector,” said Brodnicki.

All other distribution will sit under the MAB brand, including the new network proposition, which Mortgage Talk’s advisers have already joined.

Andy Frankish, director of new homes for MAB Group, said: “New-build is a very specialized area and will become more so in the coming months and years. With the government’s NewBuy policy [out in March], specialist lending will increasingly need more specialised advice.”

The new specialist network has big recruitment plans and will offer compliance, specialist products and build a bridge between lenders and brokers, said Frankish.

He added 30% of all new homes are built by the top three builders and the network can help these builders achieve their distribution aims.

Eventually, the group also plans to create a new-build forum, bringing all industry stakeholders together.

“We’ll offer standardised reporting, quality control checks and good communication back to the broker, the customer and the building site. We will liaise with lenders to understand what they need and give them some reassurance on preventing risk in the new-build sector,” he said.

New-build will also be the first property sector to emerge from this recession, added Frankish.

To watch the exclusive video interview in full, click HERE

 

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