Brokers offered divorce and will referral opportunity

Published on

Paradigm Mortgage Services has added Ison Harrison Solicitors to its will-writing proposition and will also offer the law firm’s unique online divorce service exclusively to members.

Members of the mortgage partnership proposition will be able to refer their clients to Ison Harrison where they will be provided with a full will-writing service. Advisers have access to a Tele-referral system where the client can immediately be put in contact with a Lawyer (Equity Partner) as well as a range of additional services. The Partner conducts a short interview with the client over the phone and following this process the will is professionally drafted and the client billed.

As a free service Ison Harrison will also review the will of any client to ensure they remain valid and reflect the client’s current wishes.

The price is £100+VAT for a single will and £150+VAT for a mirror will. There is an optional extra of £25 plus VAT for registration on the National Will Register, and there is both free storage on all wills for life and free amendments on wills for the first five years.

For each introduction the intermediary earns £40 per will.

Paradigm members can also now refer clients to Ison Harrison’s newly-developed fixed-price electronic divorce service and receive a fee for doing so. The service provides clients with a way of achieving an uncontested divorce as well as providing the client with legal advice which can help identify where there may be other issues which need to be resolved. Any post-divorce services provided to the client by Ison Harrison will also generate referral commission to the introducing intermediary.

Bob Hunt, chief executive of Paradigm Mortgage Services, said: “Many intermediaries and advisers will have large numbers of clients who currently have no will in place this leaves the potential for a range of problems should they die suddenly. Paradigm is working with partners such as Ison Harrison to make it as simple as possible for our intermediary firms to deliver peace of mind to these clients by arranging a will quickly and professionally. We have worked with Ison Harrison to ensure great pricing for clients as well as very competitive commission terms for those intermediaries referring clients for advice on formulating a will.

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

FRP arranges £4.1m refinance for York student accommodation scheme

FRP Real Estate Advisory has arranged a £4.1m commercial term facility to refinance a...

The Mortgage Works signals buy-to-let rate reductions

The Mortgage Works is cutting rates by up to 0.22 percentage points across selected...

Accord reduces residential and buy-to-let rates

Accord Mortgages is cutting rates across its residential and buy-to-let ranges. The intermediary-only lender said...

Leek BS launches five-year buy-to-let fixed rate

Leek Building Society has added a five-year fixed rate buy-to-let mortgage to its intermediary...

LendInvest unveils 10bps buy-to-let rate cuts

LendInvest Mortgages has reduced rates across its two-year and five-year fixed-rate buy-to-let products by...

Latest publication

Other news

FRP arranges £4.1m refinance for York student accommodation scheme

FRP Real Estate Advisory has arranged a £4.1m commercial term facility to refinance a...

The Mortgage Works signals buy-to-let rate reductions

The Mortgage Works is cutting rates by up to 0.22 percentage points across selected...

Accord reduces residential and buy-to-let rates

Accord Mortgages is cutting rates across its residential and buy-to-let ranges. The intermediary-only lender said...