Mortgage
Shop Company Information
About
The Mortgage Shop Company
The
Mortgage Shop helps home buyers & home owners arrange finance
in the most simple and straightforward way possible explaining the
complicated procedures in the simplest of terms and adding value
to the whole transaction. It is their full time role to provide
you, the customer, with Independent Financial Advice. The Mortgage
Shop are dedicated to the mortgage market, and if needed they are
also trained in all areas of financial services – they see
it as our goal to help you to make the right choice.
The
Mortgage Shop History
The
company founders worked for a well known large Plc Assurance Company
covering an area in North West London, from Hammersmith to Wembley,
Park Royal to Kilburn, advising clients on the full range of financial
products from Life Insurance to Pensions. They soon realised that
there were some distinct gaps in his product range, namely Household
& Car Insurance & decent Mortgage Funds Placement, so with
the agreement of their then employers they commenced what can only
now be described as the egg of The Mortgage Shop providing, on a
part time self employed basis, these additional very much needed
products.
Life
went on in a similar way until one bright summers day in 1992 the
two from this well known large Plc Assurance Company, decided that
enough was enough and full self employment seemed a much better
idea, mainly from a financial point of view. And so this was the
first time the phrase "Mortgage Shop" actually arose commencing
activities from Walthamstow, East London and then from Waltham Cross,
Hertfordshire (see above), tied to an even larger and more well
known large Plc Assurance Company. Advising on the range of mortgages
very much the same way it does today but as a partnership tied to
one insurer, business was as usual, however in the winter of 1993
the two partners came to what can only be described as differences
in opinion and the partnership came to an abrupt end and neither
have spoken to each other since this date, shame really!.
The
Mortgage Shop became the shortened label (and has remained the same
since). They then decided that technology was going to be the secret
to success and commenced what can only now be described as a suicidal
mission to go bankrupt, purchasing more computers than they had
people to operate them. Setting up 24 hour telephone answering systems
attached to Freephone telephone lines (expensive), thanks to the
influences of Colin Tebbutt (a Telecoms boffin & great friend
of the company). From the sidelines, some people attached to the
company thought we were mad, and our competitors laughed, were they
wrong??.
The
laughter became hysteria in January 1995 with the creation of "Mortgage
by The Mortgage Shop" estate agent type signs (an idea previously
shelved) emerged all over North London , Hertfordshire & Essex.
With the backing of some very loyal clients and friends these advert
boards were born. Anyone living in these areas will be able to tell
you how quick the word got around that The Mortgage Shop was the
place to do business, a mass of clients soon came from near and
far, so did the threatening letters from the local authorities (see
below), but that's another story.
|
