To find out more about businesses that offer you the opportunity to explore making a living from the property market, why not look for a home loan or a mortgage broker franchise opportunity.
Becoming a broker who offers different loan products to other people, usually packaged up with many flexible lending products, all under one brand is easy to do if you look towards buying a finance broker offering, where you can often get a nationally recognised brand and a system that makes the business easy to duplicate and grow.
Types of franchise opportunity
There are plenty of home loan opportunities on the market, some can be set up and run as a real business, where the business can grow and the requirement for staff and a leased property or office to run the business from may be required or many people can look to offer home loan or mortgage broker opportunities that can be run from home or from a home office.
There are also different types of loans that you can sell as a finance broker franchise, offering home loans is of course popular, although many home loan options also allow the broker to offer credit cards and personal loan products that while are of a smaller initial loan amount can create larger income pro rata.
If we focus just on the home loan franchise from the point of view that over 36% of all houses in the UK have some form of home loan or debt attached to the property, whether for initial purchase a property or home refinance or a loan, like a car loan or improvement loan using the property as security on the loan.
This means that every broker opportunity, which usually has a fixed territory with thousands of homes under the territory area, actually has the opportunity to access 36% of those homes, and therefore that is a lot of potential business that will need to be written or rewritten over time.
As an individual researching a finance broker franchise look at what other services, like wills and rebates that can be added on to the initial offer of business, as the fixed fee model, added with a potential residual trail from the loan and with added services including further insurance products may mean that once you find a new customer and write a new application, then the income derived from the business may be lucrative indeed.
There are plenty of great home loan franchise opportunities available now and many offer alternative products that can increase income from the business. Secondary business is easy to acquire as a broker tends to develop a great rapport with a customer throughout the application process.
Before you look at tracking down a suitable mortgage franchise or a loan business you should also look to request the free information pack from us that will offer free information in the style of a report regarding approved franchise opportunities and businesses that suit your own personal circumstance. Fill in your details on the form above and compare UK based companies all in one place.