Paul Pearce is intermediary sales director at Let Alliance
Most mortgage advisers I speak to have links with accountants, solicitors and more than likely Estate Agents. This provides you with great referrals.
However, have you looked on Rightmove or Zoopla recently and searched for pure Letting Agents in your local area?
As we keep seeing from recent surveys, the Buy to Let mortgage market is still on the up and if you speak to any letting agent, they will tell you they are run off their feet!
So if you haven’t linked up with letting agents, now surely is the time.
By becoming their recommended professional advisor for mortgage, protection and insurance advice they effectively gain a new department to their business making it look like they are expanding.
This is good for their image and of course you gain the new business opportunities.
Not only that, the letting agent will currently be using a product provider for their tenant referencing and rent guarantee requirements however, you can also introduce the letting agent to Let Alliance and we will provide you with our own referral scheme incentive by paying 5% of whatever the letting agents spends with Let Alliance each month for the life of the relationship.
Why would you do this? As a mortgage adviser you have access to our specialist Landlord and Tenant Buildings & Contents policies and the letting agent can access our Nil Excess Rent Guarantee including free comprehensive Tenant Referencing for a fraction of the cost that they pay now.
You will help them improve their own product proposition and increase their profit margins by coming on board with Let Alliance.
By working together we all become stronger.