The mortgage shop franchise package provides brokers with the opportunity to have total day-to-day responsibility while benefiting from working within a proven business environment, with all the cost savings of a larger organisation including administration, compliance and accounts.
Mortgage Options provides the bulk of the set costs by way of agreed finance through a leading high street bank in the franchisee’s name and once suitable premises are located will brand them accordingly.
A full training course is provided although the franchisee must already have the required qualifications with suitable levels of practical experience.
The key benefit of the franchise package is that the franchisee can concentrate on writing business while Mortgage Options takes care of the other elements connected with running the business.
There is also a share option incentive plan exclusively available to those franchisees who are able to take up the package early and who deliver a specific level of business through a newly created mortgage shop.
Mortgage Options was established in 1995 and currently has 42 mortgage consultants working out of 95 locations from Hull to Kent, and already has franchised mortgage shop operations in Maldon Essex, Horncastle, Grantham, Gainsborough & Scunthorpe in Lincolnshire.
Commenting on the package, Martin Wade, director of Mortgage Options, said: “Our business model has been focused on placing mortgage brokers directly into the offices of independent estate agencies as they have been an excellent introducer for business.
“Our aim is to continue growing that side of our business in wider geographical areas but in addition develop a chain of mortgage shops by way of franchising. This is a very exciting opportunity for both ourselves and those individuals who fancy running their own mortgage business.”
As a company Mortgage Options was recently voted 2005 Bankhall Mortgage member of the year at its annual awards in Monte Carlo which are based on professionalism, overall service and compliance standards. Bankhall is a leading support services company for financial intermediaries
