When setting up as a mortgage broker or any business in the post-recession era, it’s important to remember that marketing (we’re talking lead sources) are by far the most important element in the business.
Over the years I’ve seen successful mortgage brokers who struggle massively with product sourcing, technology, compliance and even a couple that could hardly put a sentence... Read More
Mortgage Broker Mobile Office, Myth or Magic?
Thinking about the requirements of a small business one of the first “must have’s” that comes to mind is an office telephone, or more specifically a landline. Increasingly however this maybe isn’t as important as you might think. Certainly, for most businesses a landline number is a must. This being particularly important where... Read More
So here we are with the networks recruitment performance figures again, this time for the 2nd Quarter of 2017. It’s been a strange quarter in political terms with a disastrous snap election by the Conservatives compounding the uncertainty regarding the countries financial situation. Amazingly this doesn’t seem to have any adverse effect of Appointed Representative (AR) recruitment across the... Read More
This is a very popular question Which Network gets asked from people thinking of becoming a mortgage broker as a career. The advantages of such a move are fairly obvious insomuch as you get to keep your income while building up the business and just this can dramatically reduce your stress levels by reducing the nervousness felt in a... Read More
What are networks looking for in a broker?
In spite of what some people think of their chances of being accepted by a network as an AR this isn’t really just a roll of the dice so I thought it might be useful for advisers in that situation to have some idea as to what we at Which Network think... Read More
It’s that time of the year again so here is the performance recruitment table for UK Mortgage networks for the first quarter of 2017. Changes to the FCA tables, namely recording AR’s as “appointed Representatives” or “introducer appointed representatives” when they first register, but not differentiating between the two very different types of AR when they come off the... Read More
Having just read a small article in one of the industry magazines with a number of marketing tips which some of which certainly have some merit but seem to be aimed maybe at some other industry or students I thought we could do with an alternative list of marketing ideas specifically for mortgage brokers?
Marketing – This is, if not... Read More
At last, in what would be a glimmer of sanity and a massive help for first time buyers, the government are considering allowing FTB’s to use records of rental payments as one element of proof of affordability for mortgage sales. It has always seemed so obvious to everyone in the industry and the world in general that if a... Read More
So Sir Bob Geldof got kicked off the stage at the Intrinsic annual; conference. Can’t say I’m totally surprised since he’s always been a bit of a loose cannon and occasionally seems to have more communism in him than Lenin’s mistress. But having said that I watched him do his bit at a financial expo in Manchester about 5... Read More
An interesting question that often crops up in the industry is “can I sell my mortgage broking business when I retire” or more to the point “Is it worth trying to sell my mortgage broking business when I retire”
I suppose the answer to this partially depends on how the business is setup, how established it is and the size... Read More