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Mortgageforce first franchised brokerage to receive authorisation

It is the first firm of its kind, a national franchisor, to receive its grant of permission.

Nic Lewis, sales and development director, says: “Whilst firms of our experience and scale had complete confidence in securing FSA authorisation, it is a highly significant moment when the FSA confirmation actually arrives. We are naturally delighted.”

Franchising remains the safest way to start and build your own business, as testified by the British Franchise Association&#39s annual survey, revealing that over 90% of franchises reach profitability, compared with three in every five small businesses going bust outside of franchising.

Franchising in the UK now accounts for over 30% of retail trade and mortgageforce pioneered mortgage broking franchising, launching in September 2000. The firm, based in high-tech offices on Pride Park, Derby, has over 130 franchised outlets across the UK.

For experienced mortgage advisers in qualifying regions, mortgageforce is waiving its £18,500 franchise licence and training fees. It can also offer franchise development finance in conjunction with leading high street banks.

Rob Clifford, managing director at the firm, adds: “FSA authorisation is the first step on a long journey, which I hope will drive poor advice and sharp practice out of the mortgage intermediary market. The Mortgage Code did wonders to clean up our industry and statutory regulation can only add to that excellent start.”


Sesame users switching to Trigold

Sesame is committed to offering its members the best software and services and made the decision to make Trigold available to its members to ensure the best choice. Andy Young, head of mortgage services of Sesame, says: “This is a clear endorsement of our decision to make Trigold available to our members. With regulation almost […]

Primary school performance points to property price premium

Alex Bannister, Nationwide&#39s group economist, says: &#34In the last two weeks thousands of children have started their first year at primary school. Traditionally, primary schooling is viewed as crucial in providing children with the basic building blocks of learning and thus parents put a great deal of effort into researching the performance of local schools. […]

Preferred updates range

Preferred Mortgages is relaunching its core range, with changes including a cut in rates by up to 0.35% and an increase in discounts by up to 0.50%. Other enhancements include a one-year discount extended until January 1 2006 on all products and a two-year discount extended until January 1 2007 on near-prime. It is also […]

Frustrated first-time buyers turn to overseas market

The percentage of loans for house purchase accounting for first-time buyers has fallen dramatically in the last five years. In 2003, only 29% of loans for house purchase represented first-time buyers, compared to 47% in 1999. The inflated UK housing market has given rise to an emerging trend with the entrance of first-time buyers in […]

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Guide: how to… communicate with your pension members

Effective communication of your pension scheme is a large part of getting auto-enrolment right. Delivering the same message to all employees is not necessarily the way to go. To assist you with the communication of your pension scheme, we have provided some key areas to think about, such as:

  • What to consider when segmenting your workforce
  • How to communicate to pension scheme members at the right time in their member lifecycle
  • What topics you should be discussing with your pension members
  • The new pension freedoms and the importance of communicating them


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