A mortgage and/or a mortgage broker franchise are very popular businesses based on the growing demand for access to mortgage products in the UK.
Since 2008 and the credit crunch there have been many new opportunities to access funds to purchase property both from the first time home buyer, the buy to let market or the straight out investment property, used when people buy renovate and then flip properties as a basis for developing business income.
Income with mortgage franchises
Mortgage type opportunities are often territory based and allow people to access lending products and funds packaged up by the Franchise Master as a suite of loan and investment funds aimed at the retail housing market.
If you find a mortgage broker variety, there are a few things you need to establish, one of course is the cost, if there are any existing incomes from previous outstanding loans written by the business, deriving ongoing trail income from the loan repayment schedule.
If the business is a brand new mortgage broker franchise, then the size and post code area of the business and the types of mortgage products available is an important factor when considering getting involved.
The flexibility to offer different types of loan products at different rates of interest or repayment terms will make the products you market to your new loan applicants more likely to fit their needs better.
There is often an upfront fee structure that will create income from the service and application process of any new business. Some products can offer an annual fee from the loan which is paid as an additional trail to the mortgage broker.
Building up a trail of different loans month by month will grow the business incomes over time and add the value to the mortgage franchise opportunities future resale value.
If it has existing clients and income streams then it is obviously more valuable. Add the size of the territory, which is an important factor that needs to be part of the review process when evaluating the mortgage broker option. Not forgetting the types of loan products offered.
New or established
These are all different variables that a mortgage franchise may offer, and so the price and demand for such businesses will be based on those different variables that offer the best opportunity for a new person stepping in to take on the business.
If there are a number of mortgage franchise opportunities available, it will be the income, territory and product range that will determine the price bracket the business will be offered to the market at. Look for new businesses with large territories or established businesses with income already attached due to the contracts with lenders.
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