Belvoir beefs up its mortgage adviser business with £3.6 million purchase

first_imgHome » News » Agencies & People » Belvoir beefs up its mortgage adviser business with £3.6 million purchase previous nextAgencies & PeopleBelvoir beefs up its mortgage adviser business with £3.6 million purchaseFranchised estate agency giant has bought another piece of the Mortgage Advice Bureau network, it has informed shareholders.Nigel Lewis27th November 201802,053 Views Belvoir has bought the fast-growing licenced partner arm of financial adviser giant Mortgage Advice Bureau for £3.6 million, part of its efforts to enable franchisees to expand their income from selling mortgages.The business being purchased is MAB Glos, which is the largest appointed representative of parent group Mortgage Advice Bureau Plc with 63 partners.MAB Glos has being growing fast over the past couple of years increasing revenue, profits and its pool of partners dramatically, including a 26% increase in turnover so far this year.Like Belvoir franchisees, its partners are self-employed advisers or small businesses that are licenced to MAB Glos which in return provides training, support, compliance, website and national marketing via the wider Mortgage Advice Bureau brand.Mortgage adviceBelvoir has bought the company via its financial services arm Brook Financial, which also trades under the Mortgage Advice Bureau marketing umbrella. Belvoir bought Brook in July last year and has appointed its MD Michelle Brook and Belvoir board director Mark Newton to manage the new combined operation.Added to Brook’s operation, MAB Glos gives Belvoir over 127 mortgage advisers to monetise mortgage and other financial product leads provided to them by Belvoir franchisees.Belvoir says the acquisition is also part of a strategy to establish a national network of mortgage advisers able to offer both face-to-face and online/telephone financial advice both in-branch and independently.“This [deal] will give our existing property franchisees the ability to ‘build a business within a business’ by either utilising an existing MAB Glos mortgage adviser or taking on their own new adviser on-site,” says Belvoir CEO Dorian Gonsalves (pictured, left). Mortgage Advice Bureau Belvoir brook financial brook financial services November 27, 2018Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021last_img read more

Mourinho returns to football as BeIN television pundit

first_imgFILE PHOTO: Jose MourinhoParis, France | AFP | Jose Mourinho has secured his first job since being sacked as Manchester United coach after joining BeIN Sports as a pundit, the broadcaster announced on Thursday.‘The Special One’ will be an analyst for Chelsea’s Premier League trip to Arsenal on January 19 as well as Qatar and Saudi Arabia’s Asian Cup group-stage tie on January 17 on the Qatari channel’s broadcasts in the Middle East and North Africa.He was sacked by United in December after the club’s worst start to a season since 1990 and won three trophies during his two-and-a-half year tenure at Old Trafford.“Jose is one of the greatest football managers of all time, and we hope that his expert analysis and charismatic personality will be enjoyed by our millions of viewers,” a beIN spokesman said in a statement. Mourinho had been linked with a return to former club Benfica after the Lisbon giants fired coach Rui Vitoria last week, but the 55-year-old told Correio da Manha earlier on Thursday that he would not take the job.“I don’t have any intention of coming back to work in Portugal,” he told the newspaper. “I’m fine at the moment.”Share on: WhatsApplast_img read more