You are here: Home - Your Community - Top Comments -

‘Jump in, the water’s lovely’: Your views on the great DA vs AR debate – Star Letter Extra

  • 27/10/2017
  • 0
‘Jump in, the water’s lovely’: Your views on the great DA vs AR debate – Star Letter Extra
This week two articles on the subject of brokers being directly authorised (DA) or appointed representatives (AR) sparked a heated debate.

Here, Mortgage Solutions rounds-up the best comment from those two articles by Personal Touch commercial director David Edwards and London Money director Martin Stewart.

Steven Lowe said: “We three brokers jumped ship in 2009 at the worst time possible and went into a DA partnership.

“The first two years were a struggle as with everyone else at that time but slowly things improved and now we have full control of all we do and more importantly keep 100% of our earnings minus insurances, fees and taxes.

“We got forced into setting-up ourselves because of circumstances and I’m not sure if not pushed into being a DA we would have jumped but stayed as ARs because it was easy. We had panels as ARs for life, general insurance and mortgages, but paid away around 40% of earnings.

“Now I would never be under a network, but it’s taken three to four years of hard work to get here. I understand not everyone is a risk taker or is forced to look at DA as an option, but I say jump in as over the long term as the water is lovely.”

You can read all the comments below both the articles and add your thoughts there too.

Related Posts

There are 0 Comment(s)

You may also be interested in

  • RT @VickyHartleyMS: Sunak doubles incentives to £3,000 to take on apprentices and offers £126m in 'new cash' to triple traineeships. One to…
  • RT @VickyHartleyMS: Watch out for breaking news coverage on the #Budget2021 this afternoon from the best UK mortgage and property journalis…

Read previous post:
Top 10 most read articles on Mortgage Solutions this week – 27/10/2017

One tucked away element of the government’s consultation to improve the house buying process caught attention this week.