Mortgage Link considers licenced entity model
Managing director Josh Bronkhorst says the group has nearly doubled in size in the past year and now has 31 principals.
The group works on a licensee model and is looking to get to between 50 and 60 principals in the next 24 months.
On Monday Mortgage Link will be the latest dealer group to be accredited to BNZ. BNZ started its re-entry into third party distribution with New Zealand Financial Services Group and Loan Market. Since then it has added Mortgage Express into the mix and now Mortgage Link.
Bronkhorst says if the Financial Advises Act review goes in the direction it is currently headed then Mortgage Link would most likely become a Licensed Entity as opposed to all its advisers becoming licenced.
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