Brokerplan franchise partner celebrates big win
Published: 12 January 2018
Brokerplan franchise partner Karen Kent is celebrating after generating £33,000 of fees on her first property development case.
Karen, who runs Pure Funding, is expecting a further £21,000 this year.
Like many people, Karen was looking for a better work-life balance, which she has achieved with Brokerplan. She works part time on the commercial finance cases generated through Pure Funding, while also having time to take her children to school, meet friends and visit the gym.
Karen says: "I made the decision to bring up my family rather than to return to work full time, but I wanted something that could fit in with my life and would be worthwhile financially. I came across Brokerplan and realised I could work when I wanted and earn reasonable income while doing so."
Karen is interested in property, which has created a lot of contacts who either need funding themselves (other property professionals) or have clients who need funding (such as accountants, solicitors and letting agents). A natural networker, Karen recognised a huge opportunity in developing those contacts.
"I met an experienced developer at a property networking meeting who was struggling to raise the finance he required from the high street and didn't know where else to go. I submitted his case to the Brokerplan team who were able to raise the finance needed to develop 27 houses in North Yorkshire, and the combined fees for the first tranche of funding was £33,000. The second tranche is due to draw early in 2018 and will pay a further £21,000, with a third tranche due later this year."
Not all of Karen's cases generate such large fees.
"Most cases I deal with are more run of the mill, with buy to let and smaller business loans paying a few hundred pounds to between two and five thousand pounds, and it is the size of the loan that makes the difference.
"But with so many lenders and such a range of products I find myself very popular at the property and business networking meetings I attend, and have a couple more development cases in the pipeline."
The Brokerplan proposition provides access to commercial funding solutions from almost 300 lenders. With a wide portfolio, the funding options are far-reaching and include buy to let, commercial mortgages, portfolio loans, bridging, development and business funding, as well as working capital solutions such as asset finance, factoring, general business loans and revolving credit.
It isn't necessary to have a financial background or qualifications to join Brokerplan – relevant authorisation from the Financial Conduct Authority is provided. Furthermore, cases such as Karen's are not unusual; recently, Brokerplan partners have generated more than £100,000 on a single deal.
