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Simply Mortgages set to franchise business

A mortgage broker who launched her business just three years is set to franchise the company.

Elaine Kellington set up Simply Mortgages in the back bedroom of her home in Kelso on the Scottish Borders. She was formerly at Northern Rock in Edinburgh, which involved daily travel of 100 miles.

Within a year Simply Mortgages had moved into the centre of Kelso. Kellington has decided to franchise the company after being approached by people who wanted to share her success. She is now in a supporting role joined by management consultant Graham Fry, and branches of Simply Mortgages have been set up in Kelso, Eyemouth and Edinburgh.

There are plans for a new branch in Galashiels in January and five more branches next year. In the long-term, Kellington aims to grow the network throughout Scotland and the north of England.

Kellington was recently one of two runners-up in the Outstanding Contributor to Business Award organised by The Association of Scottish Businesswomen.

She says: “As banks and building societies close their offices in rural areas, the level of service is being reduced. Simply Mortgages plans to move into those areas to give people more choice.

“Getting the right people is vital to the success of the franchise operation. Franchising gives people the springboard to start their own business with the support of a management team.”


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