Starting down the road as an independent mortgage broker, or any new business for that matter during the Covid 19 pandemic might sound just plain crazy, but maybe not in all cases.
Let’s make it clear that this article deals only with starting a mortgage broking business since that’s our area of expertise. However I’m sure there are similarities with... Read More
The following list, which is never going to be all encompassing since as someone who has been active in the financial services sector for over 20 years, I see something else which isn’t covered every time I look at it. In fact, to be brutally honest this article actually started life as a 50-point list but every time I... Read More
Hands up everyone who thinks that all banks and building societies have wrongly been portrayed in the popular media, are actually just massively misunderstood and are really not for profit institutions whose only aims are to help the public save money and provide a valuable income stream for mortgage brokers and IFA’s. Nobody, well I think you’re all just... Read More
So first of all, let me apologise for the delay in publishing this quarters figures, nevertheless they may be late but they’re here now.
As you can see, the table shows a modest growth of 38 (0.71%) in the basket of networks used for the compilation. As always, I should point out that the information for Jul/Aug/Sept as presented in... Read More
Often when we think of businesses giving to charity we think of big business, like Jeff Bezos the founder of Amazon who gave away $2 billion last year or Microsoft and the Bill Gates Foundation giving a paltry $150 million. But the fact is that supporting local charities and worthy causes can also be a good thing for small... Read More
With lenders sometimes seeming to strike brokers from their panels for very little reason and no effective means of appeal for the unfortunate advisers it’s getting more and more important to check out any new introducers in as much depth as you can.
This was brought graphically to my notice when Which Network had a call from a broker (let’s... Read More
So here we are, with half of 2019 already passed, “what happened there!!!” Anyhow if you can bear with me for the customary and possibly obvious warning. Although the information used for the table and this accompanying analysis were laser accurate at the time of compilation, retrospective changes may give rise to slight changes in individual entries. This doesn’t... Read More
In the US 80% of small businesses fail within the first 18 months. The UK’s figures aren’t quite so bad, with 20% failing in the first year and 30% in the second year. This is possibly due to less people taking the leap into independence over here maybe coupled to possible failure still being seen by some as having... Read More
So that’s 2018 over now and what an interesting but scary year it was! My next article will cover the network recruitment results for the whole year, but first we have recruitment performance for the last quarter of the year, a period which included one of the most lacklustre budgets since………….Well, since the last budget. It appears that the... Read More
So here we are again looking at the recruitment efforts of our basket of mortgage networks, this time for the third quarter of 2018.
As always, these figures, taken from the FCA register were correct on the day, however retrospective changes within the register can sometimes occur due to administrative errors and other issues. Again, as always selection of a... Read More