Skip to main content
Network Consulting
Network Consulting
Solutions tailored to your requirements

Network League Table - H1 2024

For more information on individual networks, click Network Directory below

Network Directory

The data source for the table below is the FCA register and was correct at 5th July 2024.

It illustrates the movement of Appointed Representative firms for each network over the period 1st January 2024 to 30th June 2024.


It is prioritised by total number of AR Firms, adviser numbers for this table only include mortgage advisers.


The size of a network does not mean they will be best for you. If you're looking for a network, please get in touch and let us help find the best one for YOU.


* Denotes networks with multiple networks under one brand.

** Denotes network specialising in consumer credit 

† Denotes dedicated mortgage networks.


CPD20 mortgage advisers, CPD21 equity release.

For more detail regarding the table and how they are collated, please go to the Network League Table overview


Read the Mortgage Strategy article here; https://www.mortgagestrategy.co.uk/news/mortgage-network-ar-figures-increase-132-in-h1-2024/?eea=*EEA*&eea=MWlXWm9IQW96Umc0ZjRXTUtjdnNyazJSTjJMZU02Y0MwT3Z0Wmt2VjZFRT0%3D&utm_source=acs&utm_medium=email&utm_campaign=INDIGO_MOST_EDI_ALL_Latest_180724&deliveryName=DM254478




In the last network round up for Q1, I stated that this quarter should draw a line under demise of Tenet. However, by the middle of Q2, Tenet remained in the headlines when the Tenet Group appointed administrators, as reported by many industry publications on the 5th June. This final move should bring the last word in the whole Tenet saga. Thankfully, the vast majority of staff and advisers affected have found new homes.


Despite some isolated noise on adviser forums about the network model being broken, there doesn’t appear to be any negative impact on the wider market, in fact the opposite.

The table illustrates that Appointed Representative numbers not only remain stable, but actually increasing, with a net growth in AR firms of 132 since the beginning of the year. Equally advisers with mortgage permissions also remain stable. At the close of 2023, there was 15,880 advisers amongst the top networks with mortgage permissions. By the end of Q2 2024, the number was 15,680, during which period, three networks have been removed from the league table, Tenet, for obvious reasons and two other networks, as their AR numbers fell below the parameters of table, having less than 20 AR firms. From this we must take that it looks positive within network land.

A notable point is that these top networks have an average number of advisers with mortgage permissions per firm of 1.9. Although if we remove Mortgage Advice Bureau, who boast a 10.9 adviser per firm average, then this figure drops to 1.6 advisers per firm.

Taking St James’s Place out of the mix for now, as they are primarily and wealth network, the networks with the greatest net growth year to date are The Right Mortgage Network, with 31 new firms, a growth of 8.1%. Following closely is TMG, with another impressive performance of 29 firms, representing a 32.6% growth. Cornerstone also had a notable net growth of 12.7% and finally ValidPath, increasing by 27 firms, although they are also primarily a wealth network. 

Future consolidation of networks is still likely to happen but like I wrote in the last quarter, there are more smaller networks on the way, possibly some real  disruptors amongst them. 

Privacy Policy