Several UK Mortgage businesses have now successfully franchised their operations
Mortgage franchises are more successful in translating the demand into profits than most other sectors. Franchise4u's comprehensive franchise directory, the largest effort of this kind in the UK, lists the best mortgage franchises of 2019, while also providing the franchisees with additional input and intelligence through verified reviews from real franchisees, bespoke star ratings and detailed franchisor profiles.
Many experts assess the health of an economy through the health of its credit sector. By providing the necessary capital support to businesses and individuals, mortgage businesses make sure that the wheels keep turning without a snag. In that sense, the mortgage, credit and loan industry in the UK has been instrumental in fuelling the growth of the economy.
What this also means is that the industry has provided good returns on the investors' money. While most of the investment in businesses that operate in this industry comes from institutional investors with deep pockets, there has now emerged a niche with which private, individual investors can identify.
To know why mortgage franchises attract such attention from franchisees, an overview of the industry proves useful. The UK mortgage industry is a trillion-pound industry, thanks largely to over 11 million active mortgages. Each year, over 300,000 first-time homeowners buy residential properties, indicating the healthy demand (discounting the global downturn in mortgage transactions over the last 10 to 12 years). The demand is evenly spread across commercial and domestic sectors, throughout the country.
An average mortgage in the UK is valued at around £125,000, and that's where the real value for new investment seems to stem from. Mortgage franchise owners, operating in their territories, can expect to earn attractive commissions on every mortgage sale.
Running a mortgage franchise is all about understanding the market and identifying opportunities. Having prior experience in the industry certainly helps. The typical investment required to get started with a mortgage franchise in the UK lies in the £20,000-£30,000 range.
To succeed in this industry, it's important to work with a franchisor who enjoys credibility and good reputation in the market. Top franchisors operating in the mortgage industry provide cutting edge IT and tech support to their franchisees. In addition, franchisees receive regular training, sales assistance, marketing support and, in some cases, third-party finance. Franchisees looking to get started on a budget can choose from home-based mortgage franchise opportunities.
The comprehensive franchise directory at franchise4u (https://www.franchise4u.co.uk/
For more details visit Website: https://www.franchise4u.co.uk