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Franchising is the safest way to run your own business and has a turnover of £10.8bn a year. In fact, 93% of all franchisees report that they’re profitable, so no wonder there are 33,900 franchised businesses in the UK*. You can be in business for yourself, but not by yourself!
The mortgage industry in the UK is a thriving sector worth around £300bn a year, and home ownership in the UK is still flourishing. Residential purchases, remortgage activity, debt consolidation, investment property purchase both at home and overseas as well as commercial lending are all part of the opportunity at mortgageforce™.
And, given that interest rates are very low in the context of the last 30 years, it is expected that the sector will continue to prosper and grow. With mortgageforce™ you’ll be in an ideal position to take advantage of this substantial market.
An employed or self-employed mortgage adviser can receive a sizeable amount of commission on the business they bring in for their company. But with mortgageforce™ it’s different: all the income earned goes into your company! When you consider that the transactional value of a single mortgage can be as high as £3,000, you can see how, with hard work and commitment, a mortgageforce™ franchisee could be earning in excess of £100,000 per year.
Take, for example, the following typical illustration of the earnings generated from a mortgageforce™ sale:
A married couple aged 32, arranging a mortgage of £100,000 over 25 years, with life assurance, critical illness cover, mortgage premium protection insurance (MPPI) and buildings and contents insurance:
Lender procuration fee# £300.00
Life & CIC commission £1027.00
Commission from MPPI £166.32
Commission from B&C £71.20
Total: £1,564.52
But that’s not all. The income you generate won’t just come from front-end sales commissions. As a mortgageforce™ franchisee you can also earn renewal commissions on both the life assurance and some other insurance sales. Your renewal commission can snowball and become an annual income stream of many thousands of pounds every year.
The final part of the financial picture is that with mortgageforce™ you have complete equity ownership of your business – giving you an asset which you could sell in future as a going concern and receive a substantial capital sum. What can mortgageforce™ offer
*source: 2007 NatWest/British Franchise Association survey
#: Industry Average