Mortgage Next has launched a decision in principle (DIP) facility that enables brokers to establish ...
Mortgage Next has launched a decision in principle (DIP) facility that enables brokers to establish if their application for appointed representative (AR) status to the network is likely to be successful. The network is aiming to recruit up to 500 ARs in the run-up to regulation on 31 October. The DIP form requires brokers to answer 12 questions, which, according to Mortgage Next, will enable it to provide an immediate assessment of a broker's likelihood of making a successful application for AR status. Mortgage Next posted DIP forms to brokers last week, and said it is expecting a signi...
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