Mortgage Companies: Franchising Could Be For You

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mortgage companies

Thanks to fewer houses being built but demand remaining constant, the UK housing market is highly competitive. The average first-time home buyer is 30 years of age which now make up more than half of all house purchases in the UK, compared to just 36% a decade ago, according to research commissioned by Halifax.

There are 11.1 million mortgages in the UK with lending standing at £1.370 trillion in February 2018. Based on these figures, the average mortgage debt is £123, 423. With so many seeking to buy homes on mortgages, now is a great time to help people realise their dream and start your own mortgage franchise.

The impact of Brexit

Amongst the economic uncertainty caused in part by the confusion surrounding Brexit, UK mortgage rates have been kept low making it more affordable for first-time buyers to get on the housing ladder.

In August 2018, the Bank of England increased the base rate to 0.75% from 0.5%, only the second rise in 10 years. The Governor, Mark Carney, has suggested that rates will continue to rise, but slowly.

Many homeowners who have been anticipating a rise in interest rates for some time have been signing up to five-year fixed-rate deals, which is good news for mortgage companies.

However, things may get tough before they get better again. As interest rates start to rise, the cost of mortgages will increase making lending riskier. This may force mortgage companies to raise rates to offset the risk making it harder for people to purchase their first property.

Best mortgage companies

Unsurprisingly, the top 10 mortgage lenders in the UK in 2017 according to UK Finance were all banks and building societies:

1. Lloyds Banking Group (including Lloyds Bank and Halifax)
2. Nationwide Building Society
3. Royal Bank of Scotland
4. Santander UK
5. Barclays
6. HSBC Bank
7. Coventry Building Society
8. Virgin Money
9. Yorkshire Building Society
10. TSB Bank

But remember that the best mortgage companies dont just offer the lowest interest rate or biggest mortgage; they make sure you find the right mortgage deal for you. Identifying the most appropriate type of mortgage - whether it's a fixed-rate, tracker or discount - will be crucial to whether or not the mortgage meets your needs.

While choosing a major lender has its advantages, it's worth considering lesser-known mortgage companies too. While high street banks and building societies can often offer an extensive range of products, smaller mortgage companies may be able to tailor products to suit your individual needs.

Your Mortgage Plus

Mortgage companies such as Your Mortgage Plus can offer customers great products and service. They can also provide you with an excellent opportunity to secure your future as a mortgage adviser while running your own business.

If youre interested in becoming a Your Mortgage Plus franchisee, you can do so for a very affordable investment of just £19,995. There is also the option to spread payments if necessary. As well as a modest franchise fee, this is also a business opportunity with low overheads. As you can run this franchise from the comfort of your own home, you wont need to splash out for any costly business premises. You can also choose the hours you work meaning you can run your franchise on a part-time business to fit around childcare commitments.

In return for your investment, youll have access to Your Mortgage Pluss market-leading training and support programme. This includes:

Three-weeks of classroom-based training.
Dedicated mentor for on-going support.
Regular training seminars and webinars relating to financial services products.
Opportunity to attend a commercial finance training course to provide an additional income stream within the highly lucrative commercial real estate market.
Option to become qualified to offer mortgage-related services such as equity release, wills and trusts and general insurance.
Attendance at an annual business conference.

As well as the comprehensive training youll receive, there are many other benefits of becoming a Your Mortgage Plus franchisee. Youll get to achieve a healthy work/life balance by working from home on a full or part-time basis. Youre in control of when and how often you work.

Of course, how hard you work will be reflected in how much money youd make. However, first-year income projections are between £25,000 and £60,000 increasing to £75,000 the year after. If youre driven to succeed you can genuinely expect to earn a six-figure income after that.

Youll also get a massive sense of job satisfaction as you help your clients to purchase the properties that they have their hearts set on. The range of products that you can offer varies from residential and buy-to-let mortgages as well as personal loans and protection insurances. The option is also available for you to train in other mortgage-related areas so that you can increase the support you can give to your clients when buying a home.

The Your Mortgage Plus franchise is an excellent opportunity for anyone who wants to go into business with the support of a reputable and successful brand. You can start your own mortgage company safe in the knowledge that youll have all the relevant industry-recognised qualifications, compliant with the Financial Conduct Authority (FCA) and fully covered from an insurance perspective.


There may be some uncertain times for the UK mortgage market as Brexit day approaches on the 29th March 2019, with an inevitable period of adjustment afterwards. But regardless of whats on the political agenda, people will still need mortgages. However, starting a mortgage franchise will provide you with the support you need if times get tough. As industry experts, the franchisor and their team will ensure that youre kept fully informed of industry updates and help you to make the necessary changes to your business if needed. After all, with a franchise youre in business for yourself but not by yourself.

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