The management of the Intrinsic network is reviewing the status of Complete Mortgage & Loans Services on its packager panel.
BestAdvice.net understands the network has concerns over Complete’s ‘strategic alliance’ with Linx FS and whether it represents competition to Instrinsic. Complete and Linx FS are based in the same office on the south coast.
Linx FS is a hybrid financial services supermarket proposition providing mortgage brokers with the technology to introduce mortgage, insurance, investment and other financial service products direct to their customer.
Intrinsic says it has raised its issues with Complete and is waiting for its response. It will then decide whether to remove Complete from its packager panel.
Complete director Tony Salentino told BestAdvice.net that he was hopeful the situation would be resolved satisfactorily next week.