News - Industry
Mortgage Solutions | 08 Dec 2009 | 10:57
Mortgage distributor TFC has launched the first ever sale & rent back (SARB) panel for advisers.
TFC's panel features three providers, Residential Property Solutions Limited, National Homebuyers, and Your Home 4 Life but it is in discussions with other providers and expects to expand this panel.
Advisers can now refer clients to TFC, who will assess their needs against the offerings of these panel providers. Advisers will talk the client through the process, and should a SARB transaction be the end result, a fee of up to 0.5% will be payable to the introducing adviser.
Andy Brown, managing partner of TFC, said the SARB panel will enable advisers to offer their clients a choice of three providers who are embracing the new FSA regulations which come into force in June 2010.
He added: "The adviser need only make the introduction to earn a healthy commission on the sale of the property, as we have the relevant authority to progress the case."
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