THE RIGHT MORTGAGE & PROTECTION NETWORK REVEALS 2023 BUSINESS FIGURES AT NATIONAL TRAINING EVENT
02 April 2024
The Right Mortgage & Protection has used its National Training Event for member firms to reveal business volume and adviser/firm membership figures for 2023.
During 2023, the network completed £6 billion of total lending volume and The Right Mortgage also revealed it has seen record months in both January and February in 2024.
In other sectors there was also year-on-year improvements, with GI API up 35% on the previous year, life API up 29%, and private medical insurance up 40%.
Membership of the network increased from 316 in 2022 to 356 appointed representative (AR) firms in 2023, with 40 new businesses and 161 advisers joining, meaning a total adviser headcount of 733 at the end of the year.
Within those adviser numbers, The Right Mortgage now has 83 private medical insurance specialists, and 104 later life lending specialists – the network said these were two important growth sectors for the business.
The Right Mortgage’s National Training Event took place on Thursday 7th March in Birmingham and focused on the theme of, ‘Embracing Change’, providing a full range of sessions to help firms keep ahead of the curve and stay informed.
A full Exhibitor Hall featured over 90 exhibitors and after the National Training Event, an evening dinner and Awards highlighted and rewarded a range of top firms, individual advisers, lenders and providers, conveyancers, plus outstanding newcomer and outstanding contribution to The Right Mortgage. A video of the 2024 event can be viewed at: https://youtu.be/Ox0LxIStj80
The Right Mortgage has also confirmed the date for its 2025 NTE, which will take place on the 27th March at the same Vox Conference venue at Resorts World in Birmingham.
Last month, The Right Mortgage announced a new relationship with Acre, the intermediary platform, with all appointed representative (AR) firms within the network moving across to Acre as their new CRM system later in the year.
Martin Wilson, CEO at The Right Mortgage, commented:
“While 2023 as a whole was a challenging one within both the mortgage and protection sectors, I’m pleased to say that The Right Mortgage showed strong growth and development across a number of areas.
“Strong mortgage lending volumes, and increased activity in other parts of financial services, particularly protection and GI, mean we can be very proud of our performance last year, and the hard work of our adviser firm members.
“It’s particularly gratifying to see strong growth in areas such as PMI and later life lending, as we believe these more specialist opportunities can provide significant business volumes and income for our firms, and we’ll continue to work with our members to help them develop their propositions in these areas.
“Membership continues to grow, and we were very pleased to see so many of our firms represented at the National Training Event where we could highlight our successes, but also provide further information and information on how we can support firms and the wide variety of opportunities available to them.
“I’m pleased to say that 2024 has started strongly, but we are not complacent about this and will continue to work hard to give our members everything they need to be successful in this marketplace.”
For more information on The Right Mortgage & Protection Network, The Right DA Club, and sister companies The Later Life Lending Network or The Right PMI & Healthcare, please contact: joinus@therightmortgage.co.uk or visit www.therightmortgage.co.uk
