Ethical Mortgage Solutions is the first principal status Broker network to make public full details of its proposition, offering exclusive franchise areas tied to post codes throughout the UK. Steve Royal is seeking the partnership of just 175 already established broking firms who would like to concentrate on non-confirming business (self cert and sub-prime) while still offering prime business.
The network will offer its members what Steve Royal considers is the most comprehensive range of support services comprising:
• An exclusive postcode based territory;
• Full compliance. Broker’s become AR’s to the main company, who has Principal Status;
• A £1.25 p.a. ad. and PR budget, spent on ads. designed to generate non-conforming business;
• Payment of P.I. insurance and FSA membership fees;
• A national Call-Centre – working 24/7 and handling all consumer calls which are then emailed or faxed to the local Broker;
• Free branded compliant sourcing software;
• A wide panel of both prime and non-conforming mortgage products and non-reg. insurance products, all paying market leading procuration fees;
• All Franchises receive equity in the new company.
Recruitment for the new network starts today – and Royal expects to be ready for launch by early 2004.
