Newly launched mortgage network First4brokers has unveiled an online 'fastrack approval' process which it says clears an adviser's FSA authorisation to trade within just 14 days.
Charles Gooding, managing director of First4Brokers and one of the founding members of NAMBA – the forerunner to the Association of Mortgage Intermediaries – says the firm has created an online fast application system which could effectively have adviser firms of any size signed up in time for the October 31st M-Day deadline, even though most networks are now concerned the deadline is now just one month away. In particular, F4B promises it will confirm within 48 hours under its "approval in principle" whether a "due diligence" process is required. The F4B network will then undertake t...
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