New network to launch in July

The free to access offering was unveiled at the Biba 2012 conference with the start-up claiming there had been substantial interest with many brokers already signed up ahead of it going live.

Phil Dicken, strategic partnership director at NL24, argued there was room in the market for the new offering which was not in direct competition with anybody.

"Proof of that is the fact is that it is a free to join network," he explained. "We are not charging any brokers to join."

According to Mr Dicken