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Which Mortgage Network Should I Join? | Best Mortgage Network UK | 2024

Which Mortgage Network Should I Join

Which mortgage network should I Join?


In our earlier article titled “Broker Network | Which Mortgage Network Should I join? | 2023,” the focus was primarily on “Why consider joining a broker network?.” Today, we aim to explore the topic of “Which Mortgage Network Should I Join?”

For self-employed mortgage advisers, this guide will provide valuable insights into selecting the ideal mortgage network for your needs and your business. Which Mortgage Network Should I Join? Choosing the right network is a critical decision, and it can significantly impact your success.

To help you navigate this choice, we’ll delve into various aspects, including mortgage network reviews, finding the best mortgage network, understanding mortgage network fees, identifying networks that offer leads, and compiling a comprehensive list of mortgage networks in the UK.


  • Mortgage Network Reviews: It’s essential to conduct thorough research on mortgage network reviews. Reviews from fellow mortgage advisers can offer valuable insights into the strengths and weaknesses of different networks. These reviews often provide candid feedback on support, commission structures, compliance, and overall satisfaction. =”Which mortgage network should I Join?”
  • Best Mortgage Network: Finding the best mortgage network requires careful consideration of your specific business goals and needs. What works for one adviser may be different from another. We will explore the factors that can help you identify the network that aligns best with your objectives, whether it’s based on commission rates, administrative support, or lead generation. =”Which mortgage network should I Join?”  Connect brokers
  • Mortgage Network Fees: Understanding the fee structure of a mortgage network is crucial. Different networks may have varying fee models, such as fixed fees, percentage-based fees, or a combination of both. We’ll dive into the details of these fees, helping you make informed decisions on what aligns with your financial strategy. =”Which mortgage network should I Join?”
  • Mortgage Networks that Provide Leads: Lead generation is a critical aspect of your success as a mortgage adviser. We will explore networks that offer lead-generation services or assistance in finding potential clients. This can be a significant factor in your network selection, particularly if you want to expand your client base. =”Which mortgage network should I Join?”
  • List of Mortgage Networks UK: To make your decision-making process more accessible, we’ll provide an expanded list of mortgage networks in the UK. Having access to this comprehensive list will give you a clearer overview of the options available, allowing you to compare and contrast networks to find the one that suits your business the best. =”Which mortgage network should I Join?”

As a self-employed mortgage adviser, choosing your mortgage network is a pivotal step in your career. By exploring these key factors, you’ll be better equipped to make an informed decision that supports your professional growth and business success.


When it comes to mortgage network size, it does matter!


As your organisation expands, the concept of economies of scale becomes increasingly relevant. Let’s delve into the practical implications of this concept concerning emerging mortgage networks.

Mortgage networks vary significantly in size, ranging from those that comprise just a handful of appointed representative firms and mortgage advisers to the largest networks housing more than 500 companies and 900 mortgage advisers. On average, a typical mortgage network encompasses approximately 50 companies and 90 mortgage advisers.

Which mortgage network should I Join? | The primary importance of a network lies in its ability to provide a more conducive and supportive working environment for intermediaries. This stands in stark contrast to the alternative of navigating the complex path of direct authorisation by the Financial Services Authority, which can be particularly daunting for smaller broker firms, many of which consist of sole traders.

For these sole traders, dedicating time to clients is of utmost importance, and the burden of staying up-to-date with the ever-evolving rules and regulations of the FSA could severely limit their productive client interactions.

Out of the over 58,000 firms that the FCA has authorised, only a small number of them are sole traders who have opted for direct authorisation. These firms range from large banks to individual independent financial advisers.

The challenges they face are expected to become increasingly apparent as the year progresses. These challenges include the financial obligations of paying FSA fees and professional indemnity premiums.

Connect's Referral ServiceSimilar to mortgage clubs, networks possess the ability to negotiate higher levels of proc fees with lenders, levels that smaller firms would be unable to achieve on their own, even if these lenders were to engage with them directly. Moreover, on the insurance front, clubs and networks can secure considerably higher commissions.

However, every advantage comes at a cost. The expenses associated with operating a network must be borne by the appointed representative (AR) firms within it. These costs include management and administrative functions, compliance monitoring, and implementing a comprehensive training and competence program.

Which Mortgage Network Should I Join? It’s a critical question for intermediaries seeking the right path in the mortgage industry.


Which mortgage network should I Join? | Why does size matter? 


In the intricate web of mortgage networks, size plays a pivotal role in ensuring that every AR is treated fairly and that no single firm possesses an overwhelming degree of influence over the network’s overall operation. This concept may initially seem counterintuitive, but it’s rooted in the principles of balanced power dynamics and effective governance.

The following significantly contributes to addressing the question, which mortgage network should I Join?;


  • Preventing Undue Influence:  In a larger network, the sheer number of member firms dilutes the potential for any one firm to exert undue influence. This is a safeguard against a situation where a single firm could make decisions that primarily serve its interests, potentially to the detriment of others within the network. Equitable treatment is best achieved when no AR firm can tip the scales disproportionately. = “Which Mortgage Network Should I Join?”
  • Promoting Fairness and Consistency: Size matters because it fosters an environment where consistent rules and policies can be applied across the network. When a network is too small, it may be more susceptible to ad hoc decision-making or deviations from established procedures. In contrast, a larger network tends to have well-defined, standardised processes that contribute to a more level playing field for all ARs. = “Which Mortgage Network Should I Join?”
  • Focusing on the Business Relationship: It’s essential to acknowledge that a network is, fundamentally, a business association. While smaller networks may have a closer, more personal relationship with each member, a larger network primarily operates professionally. This doesn’t diminish the value of the association; it merely means that the focus is on providing robust support, services, and opportunities for ARs rather than fostering a Friends Reunited-type of personal camaraderie. = “Which Mortgage Network Should I Join?”
  • Balancing Interests and Diverse Needs: As the network grows in size, it becomes better equipped to cater to the diverse needs and preferences of its ARs. Different firms may have unique requirements, and a larger network has the capacity to offer a broader range of services and resources, ensuring that each AR can find what best aligns with their business objectives. = “Which Mortgage Network Should I Join?”
  • Strength in Numbers: In a competitive and evolving mortgage industry, a larger network can often negotiate more favourable terms with lenders and secure higher procuration fees. This financial strength translates into tangible benefits for ARs, as they can access enhanced financial incentives that might not be achievable for smaller networks or individual firms. = “Which Mortgage Network Should I Join?”

The size of a mortgage network holds a paradoxical role. While a smaller network may offer a more intimate atmosphere, a larger network can better ensure equitable treatment and provide a robust, standardised framework for its Appointed Representatives. The key lies in finding the right balance that aligns with the specific needs and preferences of the individual ARs while harnessing the strengths of size to enhance opportunities for all.


Which Mortgage Network Should I Join? | Let’s call a shade a shade


The central argument here is that when your business reaches a substantial size, it’s not merely about being superior. Still, it’s also about wielding more significant leverage and influence, particularly when negotiating with partners and having the resources necessary to develop innovative systems and products. So, the question arises, “Which Mortgage Network Should I Join?”

Expanding on this concept, it’s important to understand that as a business grows, it gains the ability to shape and influence its industry. This influence extends to various aspects, such as negotiations with lenders, regulatory bodies, and the capacity to invest in cutting-edge technology and creative solutions that can benefit the mortgage network, its ARs, lender panel and affiliates.

When a network attains considerable size and market share, it can approach negotiations from a position of strength. Lenders and partners are more likely to offer favourable terms and conditions, sem- & exclusive products, including procuration fees, which can significantly impact a network’s profitability. Moreover, having a strong position in negotiations can lead to more tailored and advantageous deals that meet the specific needs and objectives of the network.

Furthermore, the capacity to invest in innovation and technology is a notable advantage of being a substantial business entity. Larger networks can allocate resources to research and development, enabling them to create more efficient processes and offer innovative solutions to clients. This may include advanced compliance tools, customer relationship management systems, and other technological advancements that enhance the overall service quality. connect for intermediaries

In summary, while size alone doesn’t guarantee success, it does grant a business greater influence, leverage, and resources. This can lead to improved negotiation outcomes, the ability to shape industry standards, and the capability to provide clients with cutting-edge products and services. Ultimately, the benefits of size extend beyond the business itself and have a positive impact on its partners, clients, and the industry as a whole. So, the question remains, “Which Mortgage Network Should I Join?”

We are all aware that “best” is a subjective term, which is why, when selecting a mortgage network, the primary consideration should be identifying the one that closely resonates with your business objectives and caters to your specific needs. Connect Mortgage Network is among the select mortgage networks in the UK that stand out for our exceptional capabilities and services.    

We take pride in actively engaging with our prospective ARs to understand how to serve them best. We also maintain a rigorous onboarding process because it’s of utmost importance to us that each AR is thoroughly prepared to commence their mortgage writing journey under our guidance.