Heavy hitters look to leave Mike Pero Mortgages
The 13 mortgage advisers, reportedly, account for more than half of the business written by the group. They have been described as the "heavy hitters" in the group when it comes to business volumes.
The dispute revolves around contract negotiations and allegations that the franchisor, Liberty Financial, has adopted a “take-it-or-leave-it” approach.
It is understood the dispute will head to court as the franchisees want to overturn a two-year restraint of trade clause in their contracts.
They are also disappointed that the brand has lost some of its marketing nous because of another dispute between Liberty and Mike Pero’s marketing company.
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