Commercial Property Education Programme
Commercial Property Education Programme The Financial Intermediary & Broker Association (FIBA) and the Association of Short-Term Lenders (ASTL) have given the green light for the framework of their commercial property finance education programme, the details of which will be launched in October. Partners who join Brokerplan are provided with training including a business launch programme, ongoing regular webinars, live Q&A sessions, access to tools to ensure continuous professional development (CPD) and, technical training from lenders, and service providers (including systems training). With training being such a critical part of our business, Brokerplan MD John Kent is delighted to have been confirmed as one of the authors of the education programme to be written in conjunction with LIBF (London Institute of Banking & Finance) and work starts in earnest on the writing in August. View the article here – https://bridgingandcommercial.co.uk/article/18553/fiba-and-astl-confirm-framework-for-industry-education-programme
Advice for new brokers
Advice for new brokers – Here’s what our partners say We asked 4 of our network partners what the most important thing to know when you become a broker is. Getting started on your own, whether you have experience or are completely new to the industry, can be challenging and sometimes lonely without the right team behind you. With our blended learning experience, consisting of both online and in-person training sessions, Brokerplan supports you from your initial business set-up all the way through to becoming an established broker. Once you are fully trained our experienced team of relationship managers continue to support you with accessing lenders, structuring complex deals and just to be a friendly voice on the end of the phone. We also host regular webinars with lender (breaking down new products and sharing best practice on how to access and market to high demand sectors), additional in-person refresher training sessions, and our annual network partner conference, where you can chat to the head office team and other network partners face to face. But what should you expect when you become a broker? Here’s what our partners say: “Don’t be afraid to get told no – even if a lender won’t do a deal, you’ll know for next time & will make you a better broker, oh and you are worth your broker fee!” Mark Everard Michael’s Commercial “Make sure you have a plan of accessing clients. Generating business is the hard part. Brokerplan gave me an entry into the market.” Harry Singh Veer Capital “My advice would be to have a plan for what you want to achieve (business type, income aspirations, lifestyle etc) and discuss it with the Brokerplan team to make sure it fits. In my experience, they’ll give you honest and valuable advice. Once you have that plan – implement it doggedly. Be flexible but also be prepared for high and lows and don’t expect success to be a given. However, with work – it can be a fantastic opportunity.” James Wallis Aben Financial “Think carefully about what support you may need day 1 and ask for it. In my case, I decided to spend those initial quiet weeks networking and educating myself. For professional development and interest only, I studied for CeMAP. Whilst this is not in any way a requirement to be successful as a commercial broker, it did give me a wider appreciation for the world of finance having had no previous experience. I have since used this qualification to expand my offer to clients but that was never really the intention. More important is to work out what you don’t know and then go and find out, the (Brokerplan) team can support this.” Chris Cullen Lunaria Finance Want to know more? Join us for a Discovery Webinar View Upcoming Events
2022 Network Conference
2022 Network Conference The Belfry Hotel, Monday 16th May 2022 Brokerplan held it’s annual conference this year at The Belfry Hotel in Birmingham. The event was attended by Brokerplan staff, our network partners and a selection of our lenders. The day kicked off with introductions from managing director John Kent and operations director Simon Burke, this was followed by a welcome from headline sponsor Allica Bank. The day held networking events, an hour-long session with speaker Duncan Stevens and the main event an Expo where our network partners could get to know the lender BDMs in attendance. The day wrapped up with dinner and evening entertainment including giant scalextric, driving simulators and a Batak reaction game.
Welcome to the Team Sam
Welcome to the Team Sam We have recently appointed Sam Peel as a Relationship Manager, joining our commercial team. Starting his career in business banking, Sam then moved into asset finance in 2015 working for a finance broker, then a direct lender before most recently co-running a finance brokerage. He has over 9 year’s experience in the finance sector, and day to day at White Rose he will be structuring and packaging deals on behalf of you, our network. Please give Sam a warm welcome when you do speak to him and reach out to him should you require any support.
Brokerplan are exhibiting at The IFS Show!
Brokerplan are Exhibiting at The International Show Come and see us! Brokerplan Academy will be attending The International Franchise Show at ExCeL London on the 8th & 9th April 2022 You can visit our business development team on Stand 340 Registration Link
Welcome to the Team Sophie
Welcome to the Team Sophie! Welcome to the team! Sophie has joined the Brokerplan Academy team under the apprenticeship scheme as a financial administrator, in our busy accounts function. Helping to oversee commissions coming into the business and allocating accordingly, Sophie has been a great addition to the team!
Welcome to the Team Fred!
Welcome to the Team Fred! Welcome to the Team! We are pleased to welcome Fred Giles the team in the role of Business Development Administrator. Freddie is our newest Kickstart employee, joining us via the government backed schemed designed to get 16-24 years olds into full time employment. Already Freddie has proven himself an asset to the team, assisting with system development and critical administrative work. We are excited to continue working with Fred and look forward to seeing what more amazing things he can do as his skills develop!
Autolease – New Systems & Increased Broker Support
Autolease – New Systems & Increased Broker Support We are pleased to announce that Brokerplan Autolease have just secured a partnership with The Motor Hub. This will give our autolease advisors a platform designed for them to be able to run their own quotations, along with a dedicated support email address for help with detailed quotes and availability queries (from two main lenders being Arval & Santander). In addition to this, the Motor Hub have very strong Ford links, which we will also be able to provide our partners with the same platform for everything Ford, funded via Ford Lease. This partnership will help to secure more business, provide faster response times for customers and give greater autonomy with customer enquiries. As another value-added benefit for our partners, we have teamed up with FairSquare to bring an exciting new opportunity, which in turn will allow partners to earn further commissions. They have created a plugin to display their offers within our broker websites. FairSquare offers up to 10,000 new and quality main dealer used vehicles to choose from. Providing a range of finance options from a selection of lenders, completing the journey with safe and secure delivery of the vehicle to the customers door.
Why join a dual-authorised network?
Why join a dual-authorised network? Joining a firm with direct authorisation to carry out both commercial and residential activities opens the door to offering more products and creates more opportunities. Brokerplan is an established principal in both worlds, therefore you will gain access to over 300 commercial lenders, whole of market regulated mortgage lenders and expertise across both areas. Generally, networks will provide you with the necessary authorisation to broker commercial or residential mortgages, Brokerplan Academy will allow you to do both – Under one brand! (Or if you decide you’d rather not go through the required exams to offer regulated advice, the team at Brokerplan Academy will handle these cases for you – paying out a referral fee!) This means that you can take on a wider variety of deals, generate more income from fewer clients, and provide further support to your clients. It creates the opportunity to become a one-stop shop for your clients, meaning you can control their entire client journey ensuring they have a positive experience and the right solution for them is found. We can see this with a recent deal from one of our network partners, when a short-term ‘bridging’ loan turns out to be regulated. £675k Bridging Loan Success In this deal, the client currently has 2 semi-detached cottages with land valued at c.£450-£475k each – Because the client currently lives in one property, the deal will be classified as regulated. Any advisor who doesn’t have the necessary qualifications and permissions will have to outsource to a residential broker. However, our broker submitted this deal to our head offices where we have advisors on hand who can help. After submitting the case to Glenhawk and completing all of the necessary documentation, an offer was issued to the client which was gladly accepted. The loan was used to clear existing charges with an ex-partner and mortgage provider, and allow the owner to split the land titles and to get planning on the new title for a residential property. The total case income generated from this £675k bridging facility was £15,485.58 Want to Find Out More? To find out how you can join the Brokerplan Academy and work on rewarding client deals, call 0333 405 6666 or email enquiries@brokerplan.co.uk
Brokerplan Partner Shortlisted for Industry Award
Brokerplan Partner Shortlisted for Industry Award View this post on Instagram A post shared by Lochend Finance (@lochend_finance) We are delighted to announce that one of our Brokerplan Partners has been shortlisted for ‘Sole Trader of the Year’ award. The awards are presented by the National Association of Commercial Finance Brokers (NACFB) who are one of the prominent industry bodies in this sector. This nomination is a huge honor and well deserved by Lochend Finance who have worked very hard over the past couple of years to establish and develop their brokerage. Click Here to Read about some of Lochend’s Deals Congratulations to Stuart and the Lochend Finance team, we are wishing the best of luck to them in the awards!
