Your Mortgage Plus is a mortgage, protection and advisory service, working with residential, buy-to-let, commercial real estate and finance protection
Business & Professional Services, Lettings & Property
Your Mortgage Plus is a financial advisory franchise, that was established in 2004 through its parent company, White Rose Finance Group. Your Mortgage Plus specialises in offering a diverse range of financial support and advice, which offers potential franchisees a much broader revenue stream than some other franchises, that focus solely on mortgage-related products.
The headquarter for Your Mortgage Plus is based at its headquarters in Selby, in York.
Your Mortgage Plus currently offers territories around the UK, and once you have started, you’ll be able to secure an exclusive business territory that is fully protected, as well as received dedicated support for your territory. The brand also offers an “off territory” sales compensation plan.
As the Your Mortgage Plus franchise is based on a work-from-home model, you will receive a postcode territory defined by their business development team. There are four franchise packages available, graded as Bronze, Silver, Gold and Platinum, with varying prices.
To purchase a franchise, Your Mortgage Plus recommends a typical starting investment of £19,995. There is no VAT chargeable.
Your Mortgage Plus offers an option to spread payments over a payment plan if required.
The team behind Your Mortgage Plus have been working in the finance industry for over 15 years, and bring their experience in this sector to help franchisees develop the skills needed to succeed.
The company’s particular competitive advantage comes from offering a broad scope of financial advisory services to clients, and their franchisees are trained to do the same. Instead of limiting their services solely on providing mortgage advice, franchisees are given the support required to be able to offer commercial real estate and business finance advice, services for the letting industry, and a variety of payment protection, critical illness and other related advisory products in the insurance sector.
Once trained and established successfully, franchisees will also have the opportunity to expand their services to other related products.
As well as offering a competitively priced franchise fee, the business model adopted by Your Mortgage Plus provides franchisees with low business overheads, as the franchise can be easily run from a home office. This also gives franchisees the option to run their business either full or part time, and can be a manageable business opportunity that can be integrated with family and other commitments, as well as helping you maintain a positive work-life balance.
It is not a necessary requirement to have prior experience in the industry, as all franchisees will be given training towards gaining the professional qualifications and accreditations needed to run a business in this sector, as well as providing comprehensive coaching on how to run a successful mortgage advisory business.
However, any potential franchisee should have the drive and energy needed to work as your own boss, and the determination to succeed.
Your Mortgage Plus offers franchisees a comprehensive and thorough training programme, covering everything from getting the required certifications needed, to further support and guidance on all parts of running your own business.
You will first undergo training for the Certified Mortgage Advice and Practice certificate up to level 3 – which is an FCA recognised qualification for providing advice on mortgage products.
This usually takes place over two five-day fast track workshops, held all over the country. This is followed by a two-day training course at the York head office, on business development and case management, and further compliance and systems training. After successfully graduating from these required training components, there are also options to continue learning, including a complementary commercial training course, available to selected franchise packages.
Once training is complete, franchisees are able to set up their own business, and can continue to receive ongoing support for compliance and marketing, as well as attend regional training and development workshops held around the country. You will also receive full Financial Conduct Authority regulatory cover, and business insurance.
Along with the training package, franchisees also receive a wide range of marketing support, such as business cards, a business website and social media profiles, and the option to have business locum support to cover holidays and sickness leave.
The UK housing market is a growing and competitive one, and the mortgage market alone is valued at over £1.3 trillion, with over 11 million mortgages held in the country.
There is a growing prospective market of people seeking mortgage advice for existing and new purchases, so a mortgage franchise can be a highly successful opportunity.
In addition to the high value of the mortgage industry, Your Mortgage Broker also gives its franchisees the advantage of expanding into other thriving and lucrative niches, such as the insurance and commercial finance niches, enabling you to continue to offer new services and expand your business, to take it as far as you want.
With first year incomes projected at £25,000 - £60,000, this can rapidly become a highly successful venture, and take franchisees to a six-figure earning in a short space of time.
To find out more about potential territories available with Your Mortgage Plus, or any further information on starting a franchise with them, contact its business development team by phone or email, to schedule a preliminary discussion. Following an introductory conversation, you can then attend a half day Franchisee Discovery Session event, held regularly at the brand’s York headquarters.
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