Business Baron

Mortgage Broker

Mortgage Broker: Finding the right deal. A broker earns a procuration fee from the lender and often a fee from the client, and the good ones earn again on the…

Finding the right deal. Get people the loan, and get paid twice for it.

A broker earns a procuration fee from the lender and often a fee from the client, and the good ones earn again on the protection policies that go with the mortgage. Advising on mortgages needs FCA permission, which most new brokers reach by joining a network as an appointed representative and giving up a slice of every case. The work is unpaid until completion, cases fall through, and the whole market swings with interest rates, but clients come back every time a fixed rate ends.

Setup costs
£5,000 to £35,000
Competition
High
Category
Coaching & Advice

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