Mortgage networks have come in for fresh criticism today for discouraging the use of claims management companies.
Cartel Client Review singled out Home of Choice (HoC) as the latest firm to follow the trend following attacks on Intrinsic Financial Services and Personal Touch Financial Services (PTFS). They stand accused of sending letters to members warning them they do not approve of appointed representatives (ARs) recommending claims management to clients. Carl Wright, managing director of Cartel, says networks are more conscious than ever of maintaining relationships with lenders. "Home of Choice, Intrinsic and Personal Touch have pretty much copied each other's letters, they are saying the sa...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes