Manchester Independent Mortgage Brokers For Sale

Description:

We are pleased to bring to market this independent mortgage brokers business directly authorised with the FCA, and which is backed by a reputable, national compliance firm.

There are no restrictions on the geographical location of their customers, but the majority do fall in and around the Greater Manchester area.Established over 20 years, the brokerage has a good reputation and levels of repeat business.

Mortgages offered broadly fall into 3 categories; – new home purchase or remortgaging for house moves – those remortgaging due to credit issues – buy to let mortgages – product transfers for existing clientsOther income comes from the sale of life and other insurance products.

The business would be an ideal buy for:- A larger firm intersted in geographic expansion- A local firm looking to grow market share- A qualified advisor looking to strike out on their own

With a strong local presence, excellent levels of repeat business and an opportunity to improve cross sales of insurance products this business provides a solid base for any buyer.

PLEASE NOTE – FCA not transferrableThis business is run as a sole trader. As such, the FCA authorisation cannot be transferred to new owners.

Anyone considering purchasing this business will need to be independently authorised with the FCA or already have an application well under way.

The Vendors will not support a new business owner by remaining as the controlling party after sale.

Premises Details:

The business leases office space, but it is not expected that this will be required by a new owner, making the business fully relocatable. It can be run from a home office.