Which is the best Mortgage Network In The UK?
What is the best mortgage network in the UK?
The best mortgage network depends on what you need, such as compliance support, training, culture or brand freedom. If you want to add a wealth arm and have first class training support, look at New Leaf Distribution. If you would rather build on the back of an established brand with over 4,000 Trustpilot reviews, look at The Mortgage Store Associate Partner programme. This page also hears directly from JLM, Beneficial, Stonebridge, Rosemount, Mortgage Intelligence, HLPartnership and The Money Group, so you can compare proposition and culture before choosing.
Quite a lot of our Advisers Assemble listeners are self employed brokers looking to set up their own new firm and have no idea which network to join.
Although we have mortgage leads clients in pretty much every network we mainly get involved in marketing and compliance processes not everything else.
So to answer we decided to go straight to source and ask each network what makes them the best and see if their firms back this up.
What are the mortgage networks in the UK?
UK mortgage networks include New Leaf Distribution, The Mortgage Store, JLM Mortgage Network, Beneficial, Stonebridge, Rosemount Financial Solutions, Mortgage Intelligence, HLPartnership and The Money Group. This list is not exhaustive. Each has its own culture, support model and joining process, and most are covered in interviews with founders and directors on this page.
Popular choice when starting first business
The happiest and most successful startup businesses we’ve seen have joined the TMS associate partner programme.The Mortgage Store Associate Partners
Imagine launching your new business with over 1400 five star reviews on Trustpilot and your branding, website and systems already sorted for you! Being able to run your own firm but with the right support around you too. Sounds too good to be true? That’s why we have spoken to a TMS Associate Partner (Paul Mclean – TMS Bristol) and also Mark Deane from The Mortgage Store.2023 Follow up With The Mortgage Store
Hear from the latest brokers to setup their business as a TMS associate partner.
And an update from MD Mark Deane.
JLM Mortgage Network
Hear from the Founders Rory and Seb
Rory and Seb, Founders of JLM join Alex to talk about their “boutique” mortgage network designed for “successful and aspiring firms and sole traders.”
Beneficial
Hear from the CEO Mat Rees
Mat Rees, Chief Executive Officer at Beneficial joins Alex to talk about how they can support advisers with their unique network proposition and ‘close-knit’ company culture.
Stonebridge
Hear from the Recruitment Director Lesley Sharkey
Alex is joined by Lesley Sharkey, Recruitment Director at Stonebridge – a Mortgage and Insurance Network.
Rosemount Financial Solutions
Hear from the CEO Ahmed Bawa
Alex is joined by Ahmed Bawa, Chief Executive Officer at Rosemount Financial Solutions (IFA) Ltd, who specialise in supporting mortgage advisers through their ‘family-like’ approachUK Mortgage Networks Featured
| Network | Who you hear from | What they focus on |
|---|---|---|
| New Leaf Distribution | Daniel Hobbs and Mark Hobbs, on New Leaf's own podcast | Independent, family owned network offering full permissions, paraplanning support for IFAs and free CeMAP training |
| The Mortgage Store | MD Mark Deane and associate partners | Popular choice for brokers starting their first business |
| JLM Mortgage Network | Founders Rory and Seb | Boutique network for successful and aspiring firms and sole traders |
| Beneficial | CEO Mat Rees | Close knit company culture and unique network proposition |
| Stonebridge | Recruitment Director Lesley Sharkey | Mortgage and insurance network |
| Rosemount Financial Solutions | CEO Ahmed Bawa | Supporting mortgage advisers with a 'family-like' approach |
| Mortgage Intelligence | Existing firms plus Head of Marketing Nick Terry | Why advisers joined and tips for getting started |
Mortgage Intelligence
What did the existing firms say?
Listen to this episode to find out what Advisers have to say about Mortgage Intelligence, including why they joined the network and tips for people wondering where to start.
This episode follows on from Alex’s interview with Nick Terry (episode 311), Head of Marketing at Mortgage Intelligence.
HLPartnership
What did the existing firms say?
We chat to some of the firms at the HLPartnership annual conference in 2023 to find out why they joined, why they’ve stayed and what they like and dislike.
The Money Group
What did the existing firms say?
We chat to some of the firms that are in The Money Group Network to find out why they joined, why they’ve stayed and what they like and dislike.My Brand, My Way
As a trading style of CS Mortgage Solutions you can literally have your own brand, in your own way with the support network of an existing firm.
2023 Update
2021 Original Launch Update
Questions To Ask Before Joining A Mortgage Network
| Question to ask a network | Why it matters |
|---|---|
| What compliance support is included? | Affects day to day admin and regulatory workload |
| Can I keep my own brand? | Some networks let you trade under your own brand as a trading style, others want you under theirs. Ask before you sign |
| What is the culture like? | Beneficial describes itself as close knit, which suits some brokers more than others |
| Is there a mentor or support structure? | Some firms offer a ready-made mentor who has already built a broker business |
| Who else has joined recently? | The Mortgage Store shares updates from new associate partners |
Recruiters
NRG Resourcing
OB1 Financial
Mortgage Network FAQs
How do I choose a mortgage network to join?
Compare their compliance support, culture, commission structure and brand flexibility. This page features interviews with network leaders such as Beneficial's CEO Mat Rees and JLM's founders Rory and Seb, so brokers can hear directly how each proposition works before deciding.
What is the difference between mortgage networks?
Networks vary in how much compliance handling, marketing support, training and brand freedom they offer. For example, Beneficial talks about its close-knit company culture, while JLM describes itself as a boutique network for successful and aspiring firms and sole traders.
Can self employed brokers join a network when starting their first business?
Yes, several interviews on this page are with self employed brokers and new associate partners, such as those featured in The Mortgage Store Associate Partners section, discussing what it is like to set up a first business within a network.
Which mortgage networks provide leads?
Some offer lead schemes or a well known brand that brings in enquiries, but most leave lead generation to you. Ask any network what support they give with leads and marketing before you join. Leads you generate yourself, through your own website and Google reviews, stay with you whichever network you're in.
What does a mortgage network do?
A mortgage network lets you advise as an appointed representative under its FCA permissions. It takes care of compliance and usually offers training, systems and lender panels. Networks vary in how much support they give, how much brand freedom you get and what they charge.