FORTUNE is an all encompassing front end lead management system with a low cost telephone power dialler incorporated...
Within the mortgage market re-mortgages of existing homes/properties comprise the largest single element...
- All franchisees having the use of the bespoke software solution of F.O.R.T.U.N.E.
- No professional qualifications required.
- No industry knowledge required.
- Can work from home using the FORTUNE virtual office solution.
- No need to find your clients FORTUNE help you find them.
- Low start up and running costs.
- Ideal for those who have a physical disability and are immobile as all you need is to be able to speak confidently over the telephone.
- Exceptional earning potential.
- Repeat business.
- Full back office support.
- Full initial and ongoing training.
- Potential to grow the business without added fees.
- Prompt payment.
- Marketing and accountancy support.
- Opportunity of new products and market places always being explored.
- Unique selling point to clients of no up-front fees.
- Training courses to obtain industry qualifications.
Fortune Network Mortgages Ltd are promoting its franchise proposition within the finance market and the franchise community. Providing a unique offering for those individuals who are qualified or not qualified to sell or give advice on regulated and non regulated products.
Fortune Network Mortgages Ltd has positioned itself within the lower investment band with joining fees ranging from £2995 to £7995, this is considerably lower than the average joining fee and investment required usually of £18,000 to £22,000 as well as having to have working capital which can be considerably more than the franchise joining fee, FNL's working capital is minimal, all the franchisee has to pay is £99 a month for compliance and to contribute to PI insurance and the cost of calling from the F.O.R.T.U.N.E system which should be no more than £100 a month dependant on use, we even set your telephone numbers up for you.
Income opportunity for potential franchises
As a franchisee operating as a mortgage sales agent you are able to sell on an advised or non advised basis.
You can earn up to 40% of the net fee generated and 50% of the commission received from the lender so each case you sell could be worth in excess of £735 please see examples below.
If you self generate or purchase your own leads you will receive 75% of the net fee and 50% of the procuration fee.
Examples of how the Franchisee generates income is as follows:
LEADS SUPPLIED
Example 1:
- Completed 1st charge, Prime lender Re-mortgage, £100,000 Mortgage.
- 0.35% Paid by lender.
- Procuration fee received £350.
- 50% of £350 returns you the agent £175.
- Fee charged £2100 minus £700 fixed costs = £1400.
- 40% of £1400 returns you the agent £560.
- Total income for case £735.
Example 2:
- Completed 1st charge, sub-prime lender Re-mortgage, £100,000 Mortgage.
- 2% Paid by lender.
- Procuration fee received £2000.
- 50% of £2000 returns you the agent £1000.
- Fee charged £2500 minus £700 fixed costs = £1800.
- 40% of £1800 returns you the agent £720.
- Total income for case £1720.
SELF GENERATED LEADS
Example 1:
- Completed 1st charge, Prime lender Re-mortgage, £100,000 Mortgage.
- 0.35% Paid by lender.
- Procuration fee received £350.
- 50% of £350 returns you the agent £175.
- Fee charged £2100 minus £700 fixed costs = £1400.
- 75% of £1400 returns you the agent £1050.
- Total income for case £1225.
Example 2:
- Completed 1st charge, sub-prime lender Re-mortgage, £100,000 Mortgage.
- 2% Paid by lender.
- Procuration fee received £2000.
- 50% of £2000 returns you the agent £1000.
- Fee charged £2500 minus £700 fixed costs = £1800.
- 75% of £1800 returns you the agent £1350.
- Total income for case £2350.
The franchisee can also earn commission for other products sold such as:
- Life Assurance.
- Buildings and Contents insurance.
- MPPI.
On Life Assurance claw back will be applicable even if the franchise contract is terminated by either party.