New ‘commission match promise’ from master broker

Published on

Second charge master broker Access 4 Finance has launched a new website and commission policy.

Director Scott Thorpe said: “The new website shows how we have grown as a business over the last three years. At a time when others are diversifying we have made a conscious effort to concentrate on improving the core services we provide rather than seeking to be a Jack of all trades.

“As a result we are in the process of expanding our bridging and commercial offering to allow us to provide the same level of service we already offer for second charge enquiries.”

Thorpe claimed that the firm was now offering what they believe to be some of the best support to mortgage brokers to allow them to benefit from second charge loans: “We offer compliance support, product training and marketing resources to all our Introducers free of charge,” he said.

“We have a number of email creatives that introducers can send to their databases, We will even send it for them! In addition to our standard creatives we have also provided a number of custom made campaigns upon request.”

In addition, Access 4 Finance has also revamped its commission policy to provide what Thorpe describes as a ‘commission match policy’.

He said: “Other packagers seem so convinced that their way is a fairer way of paying commission on completions. We reviewed all of our completions in July and in 10% of cases our introducers would have received more income if they had gone elsewhere.

“As a result we have reworked our commission policy to ensure that the introducer will receive the greatest of either a 50/50 split after costs, 50% of the broker fee or 4% of the net loan amount (up to 50,000).”

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

FCA to join Bristol summit as later life lending sector weighs market study

The Financial Conduct Authority will join advisers, lenders and industry figures in Bristol next...

Targeted deposit scheme could help one million first-time buyers onto housing ladder

A new government-backed deposit scheme could provide a route onto the housing ladder for...

Hodge raises holiday let lending limits with 80% LTV move

Hodge Bank has widened its holiday let criteria, increasing maximum loan-to-value to 80% and...

Family BS expands fixed rate range across core lending lines

Family Building Society has launched a refreshed range of fixed rate products spanning owner-occupier...

HLPartnership hires Toby Miles from Legal & General for recruitment role

HLPartnership has appointed Toby Miles as recruitment manager, joining the mortgage and protection network...

Latest publication

Other news

FCA to join Bristol summit as later life lending sector weighs market study

The Financial Conduct Authority will join advisers, lenders and industry figures in Bristol next...

Targeted deposit scheme could help one million first-time buyers onto housing ladder

A new government-backed deposit scheme could provide a route onto the housing ladder for...

Hodge raises holiday let lending limits with 80% LTV move

Hodge Bank has widened its holiday let criteria, increasing maximum loan-to-value to 80% and...