It also announces strong start to 2024
The Right Mortgage & Protection Network announced significant business growth and a rise in adviser and firm membership during its National Training Event for member firms.
The network reported a total lending volume of £6 billion for 2023, with exceptional business volumes also recorded in January and February 2024.
It also experienced growth across various sectors, with general insurance API increasing by 35% compared to the previous year, life API growing by 29%, and private medical insurance surging by 40%.
Membership numbers also saw an upturn, with the network expanding from 316 appointed representative firms in 2022 to 356 in 2023, including the addition of 40 new businesses and 161 advisers, bringing the total adviser count to 733 by year-end.
The network now boasts 83 specialists in private medical insurance and 104 in later life lending, highlighting these areas as significant growth sectors.
Read more: Right Mortgage reveals 2024 event calendar
The National Training Event, held in Birmingham last month, offered a series of sessions designed to keep firms at the forefront of industry developments. The event also featured its Exhibitor Hall with over 90 exhibitors and concluded with an evening dinner and awards ceremony to recognise outstanding achievements among firms, advisers, lenders, and providers.
Looking ahead, The Right Mortgage confirmed the date for its 2025 National Training Event, scheduled for March 27 at the Vox Conference Centre in Birmingham.
“While 2023 as a whole was a challenging one within both the mortgage and protection sectors, I’m pleased to say that The Right Mortgage showed strong growth and development across a number of areas,” said Martin Wilson (pictured), chief executive at The Right Mortgage.
“Strong mortgage lending volumes, and increased activity in other parts of financial services, particularly protection and GI, mean we can be very proud of our performance last year, and the hard work of our adviser firm members.
“I’m pleased to say that 2024 has started strongly, but we are not complacent about this and will continue to work hard to give our members everything they need to be successful in this marketplace.”
Want to be regularly updated with mortgage news and features? Get exclusive interviews, breaking news, and industry events in your inbox – subscribe to our FREE daily newsletter. You can also follow us on Facebook, X (formerly Twitter), and LinkedIn.
