Sunday, January 17, 2021

Robust housing market sees Leicester mortgage broker create new jobs

Ongoing buoyancy in the UK housing market has helped a Leicester mortgage broker to make a flying start after it set up shop in the midst of the coronavirus outbreak.

Finance Advice Centre, which is based in Francis Street, in the Stoneygate area of the city, is already looking to take on new advisers after opening its doors just a few weeks ago.

The centre, which is the sixth franchise to be operated under the Finance Advice Centre banner, has been opened by Yogesh Parekh, who brings with him more than 20 years’ experience of working in the finance sector.

Having begun his career with well-known High Street banks, Yogesh has spent the majority of his career working with UK lenders Everyday Loans but joined Finance Advice Centre as a mortgage adviser last year.

He has been working towards setting up his own franchise ever since and says that he has enjoyed a busy start, despite the economic upheaval and uncertainty caused by the coronavirus lockdown and lockdown bans on staff and customers setting foot in his new premises.

This is because much of his business comes to him from all over the country via the internet and the fact that the country’s housing market is proving to be stubbornly resistant to the economic downturn being experienced in other sectors.

And he says that even though the industry is working its way through a huge backlog of applications, there are still plenty of deals available, especially for the people whose imperfect credit histories would preclude them from getting a mortgage from a high street lender.

He said: “Even though the coronavirus and the lockdowns have had such a devastating effect on the economy elsewhere, we’ve been really busy ever since we opened and we’re already looking to add more advisers over the next few months.

“The housing market has stayed strong, I think, because no matter what happens elsewhere, people still want to get onto the housing ladder and they’re prepared to go to great lengths and make savings elsewhere in order to do so.

“My previous roles have been great preparation for that side of the role because I understand how people can get into financial difficulty through no fault of their own and so can advise them on what options there are out there for them and help them find a way of getting the deal that they want.”

The Finance Advice Centre franchise is part of the wider Finance Advice Group, which was set up in 2014 by former professional cricketer Matt Cassar and operates five other Centres, in Castle Donington, Derby, Nottingham, Ilkeston and Lichfield.

Mr Cassar said: “Even though so many of our customers contact us online, we still feel it’s important for us to have a high street presence and so I’m delighted that Yogesh has opened up our new branch in Leicester.

“Not only will it help to strengthen our local presence in the city, it offers customers the reassurance that we are an established company and, when we’re able to do so, we’ll be able to give them the option to meet us face to face.”

A message from the Editor:

Thank you for reading this story on our news site - please take a moment to read this important message:

As you know, our aim is to bring you, the reader, an editorially led news site and magazine but journalism costs money and we rely on advertising, print and digital revenues to help to support them.

With the Covid-19 pandemic having a major impact on our industry as a whole, the advertising revenues we normally receive, which helps us cover the cost of our journalists and this website, have been drastically affected.

As such we need your help. If you can support our news sites/magazines with either a small donation of even £1, or a subscription to our magazine, which costs just £33.60 per year, (inc p&P and mailed direct to your door) your generosity will help us weather the storm and continue in our quest to deliver quality journalism.

As a subscriber, you will have unlimited access to our web site and magazine. You'll also be offered VIP invitations to our events, preferential rates to all our awards and get access to exclusive newsletters and content.

Just click here to subscribe and in the meantime may I wish you the very best.






Latest news

Derby recruitment firm to open three new offices

Sky Recruitment Solutions is to open three new UK offices following a “phenomenal” growth in turnover and staff numbers during 2020. The company, based in...

Supreme Court rules in favour of small business claims against commercial insurers

In good news for small firms, a Supreme Court ruling will see thousands have their disputed COVID-19 business interruption claims paid. It is expected that these...

New warehousing facility set for the East Midlands as Mars looks to reduce logistics carbon footprint

A new, multi-year partnership between Mars and DHL will see the construction of two state of the art warehousing facilities and the creation of...

Preventative healthcare specialist completes double acquisition of Lincs companies

Preventative healthcare specialist PAM Group has completed a double acquisition as it continues its buy-and-build strategy. The Warrington-based group has bought 66Fit and Physio Supplies...

Private equity fund swoops for Corby fruit supplier

Elaghmore, the UK Private Equity fund, has acquired Corby-based Orchard House Foods Ltd, the suppliers of prepared fruit, fresh fruit drinks and desserts, from...

Related news

Two tenants secure premises at Lutterworth business park

Two new tenants have secured premises at Cosford Business Park in Lutterworth. Wells McFarlane has recently completed two transactions which will see expansion for Deacons Martial...

Derby recruitment firm to open three new offices

Sky Recruitment Solutions is to open three new UK offices following a “phenomenal” growth in turnover and staff numbers during 2020. The company, based in...

Supreme Court rules in favour of small business claims against commercial insurers

In good news for small firms, a Supreme Court ruling will see thousands have their disputed COVID-19 business interruption claims paid. It is expected that these...

New warehousing facility set for the East Midlands as Mars looks to reduce logistics carbon footprint

A new, multi-year partnership between Mars and DHL will see the construction of two state of the art warehousing facilities and the creation of...

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close