We can help you If you are currently a competent advisor working for a large brokers, maybe in a self employed position and generating your own work. Setting up on your own has never been so attractive.
In times when work is plentiful and the company you work for is supplying you with an abundance of leads, then a 60/40 or even 50/50 split on insurance commissions and proc fees doesn’t seem so important. After you can make a descent living and where the company provides administration services it can be a relatively stress free life.
The current economic climate however has completely turned this situation on it’s head. If the company you work for cannot supply you with sufficient leads anymore with the reduced leads you do have being self generated, you really should consider working for yourself.
Providing you are finding your own work, the decision really boils down to simple maths. It’s obvious that on a simple 50/50 split you are only going to have to do half of the appointments to get the same money, but there is more to consider than this. As an independent you will get all of the renewal commission on GI insurance, you can control the way the business is run, and you build up a client bank so that by the next time we hit a rough patch, you can have a large client bank to fall back on for remortgages, referrals and insurance updates.
You need to make sure you find the right network however to maximise your earnings and give you the support you will need until you get established. Just click on the link below and fill in our enquiry form, where it asks for the last years figures just put in the amounts of business working as a registered individual, and in the section for additional information, tell us a little about your plans, such as how much you expect your business to rise or fall in your first year.
We can also help you when you’re up and running with regular news sheets covering topics such as marketing, product news and what other ideas to develop your business.
Thinking of Going Independent? (you should be!)
We guarantee that your information will be kept in the strictest confidence, no approach will be made to your employer without your permission, and even then only where a reference is required during the later stages of your application to join a network.
Just click here, and fill in our enquiry form.
It’s the first step to finding the right network for your business.
Mortgage Networks.co.uk is a trading style of Which Network, the UK’s leading Mortgage and Financial network consultants