Are you a mortgage adviser ready to take the next step in your career? Perhaps you’re newly CeMAP-qualified or looking to move from your current network. Either way, finding a good mortgage network can significantly impact your success. But what makes a network “good” for your specific goals? Let’s explore how to identify the right fit.
Why Does the Right Network Matter?
A mortgage network serves as more than just a compliance umbrella—it’s your partner in growth. From offering training and marketing tools to compliance support and competitive commission structures, a network should provide resources that complement your ambitions.
However, not all networks are created equal. The right choice depends on your business model, growth goals, and personal preferences. Whether you’re starting fresh or scaling your operations, the right support can make all the difference.
Evaluating Mortgage Network Features
Finding a good mortgage network begins with evaluating features that align with your business needs. Consider the following areas:
1. Compliance and Regulatory Support
Compliance can be a complex and time-consuming task. A good network should provide comprehensive compliance assistance, including:
- File checks and audits
- FCA reporting support
- Complaint management processes
- Guidance on regulatory changes
Staying compliant reduces risk and ensures peace of mind.
2. Training and Development
Continuous learning is essential in the ever-evolving mortgage industry. Look for networks offering:
- CPD-accredited training
- Virtual and in-person workshops
- Mentoring programmes
- Development opportunities tailored to your experience level
3. Technology and CRM Systems
An efficient CRM system can streamline processes, helping you easily manage leads, applications, and documentation. Features like automated suitability letters, credit checks, and secure document storage can save valuable time.
4. Marketing and Lead Generation
Attracting and retaining clients is key to growing your business. Networks should provide tools such as:
- Branded marketing materials
- Lead generation strategies
- Landing page creation
- Digital marketing training
5. Commission and Fee Structures
Profitability hinges on fair commission rates and transparent fees. Evaluate networks based on:
- Commission splits (often up to 90%)
- FCA fees
- PI insurance coverage
Remember, lower fees don’t always equate to better value—balance costs against the level of support offered.
Key Questions to Ask a Network
When speaking to potential networks, prepare a list of questions to ensure they align with your goals. Consider asking:
- What level of compliance support do you offer?
- How does your CRM system simplify day-to-day tasks?
- What marketing resources are available?
- What commission rates and fees should I expect?
- Are there training and mentoring programmes for career development?
- How do you handle specialist cases, such as bridging loans and equity release?
Assessing Financial Stability
Financial stability often gets overlooked but is critical when selecting a mortgage network. Investigate the following:
- Company accounts via Companies House
- Cash reserves and profit margins
- Parent company performance (if applicable)
Additionally, check industry news for mergers or acquisitions that may impact stability.
Making the Final Decision
Finding a good mortgage network involves balancing compliance, training, marketing, and profitability priorities. Focus on networks that:
- Offer flexibility for growth
- Provide hands-on support
- Invest in technology and innovation
- Deliver transparent pricing and commissions
No single network fits all brokers, but the right one will meet your core needs while enabling long-term success.
How to Choose the Right Mortgage Network?
Choosing the right mortgage network is critical for brokers looking to grow their business and achieve long-term success. The essential factors to consider when evaluating networks include compliance support, commission structures, marketing resources, and training opportunities.
There is a special importance of asking the right questions—focusing not just on finding a “good” network but the one that aligns with your business goals and growth ambitions. The essential must-have features for operational efficiency and scalability, from financial stability checks to access to extensive lender panels and advanced CRM systems. Whether you’re a new adviser or an experienced broker considering a switch, these insights provide the roadmap to make informed decisions and confidently take the next step.
What If?
What if we told you there’s a network that ticks all these boxes? Connect Network combines expertise, technology, and hands-on support to help brokers succeed. Built by brokers for brokers, Connect Network understands your challenges and delivers tailored solutions.
Ready to explore new opportunities? Let us help you take the next step in finding a mortgage network that empowers your growth.
Thank you for reading our publication “ How to Choose the Right Mortgage Network in 2025? | Connect.” Stay “Connect“-ed for more updates soon!
