Two mortgage clubs announce merger

"We have exciting plans to grow and develop the offering and look forward to supporting our member firms and their customers."
- John Cupis, MD of Mortgage Intelligence and Dynamo

Dynamo for Intermediaries and Next Intelligence mortgage clubs have announced that they are joining forces in a merger that will "streamline and strengthen the wider offering to mortgage intermediaries". 

The combined club will be under the management of club director Cat Armstrong. Moving forwards the brand will be known as Next Intelligence with a dedicated sales team headed up by the recently promoted Louise Perry, head of club sales.

Next Intelligence launched in 2011, bringing together Mortgage Intelligence and Mortgage Next’s directly authorised clubs which were both established in 1996. It has a current membership of 3,500 intermediary members and offers a 48-hour payment system for its lender panel together with a helpdesk for protection and mortgages.

Dynamo for Intermediaries launched in 2012 as a specialist mortgage club and packager. The club currently has 4,000 members, giving the new combined club a total membership of 7,500 intermediaries.

John Cupis, MD of Mortgage Intelligence and Dynamo, said: “We are combining the strength and scale of two outstanding mortgage clubs to serve our advisers with an even greater offering for mortgages, protection and general insurance products. Advisers will also have access to award-winning expertise to help with complex buy-to-let, bridging, commercial, development finance and second charge cases. We have exciting plans to grow and develop the offering and look forward to supporting our member firms and their customers.”

Cat Armstrong, club director, commented: “The change will bring benefits to members of both clubs who will see more staff members on hand to support them, as well as dedicated contacts to provide case placement and training for specialist and complex buy-to-let, residential, bridging and commercial lending. The fantastic service already offered by both clubs will remain as a key strength.”

Jason Bryant, head of network sales, added: “I’m delighted to be handing over the reins of the mortgage club to Cat Armstrong. I will continue to support the transition and our members over the coming months. I’ve immensely enjoyed working so closely with our members over the past decade, helping them grow and develop their businesses. My sole focus will now be on Mortgage Intelligence Network, whilst I know that our directly authorised club members will be in safe hands for the future.”