The Source introduces landlord GI incentive

Published on

Source Insurance is offering a commission incentive on all landlord GI new business that will see advisers paid up to 30% in commission.

The specialist GI platform is offering the inventive between 8 February and 31 March.

The Source has unveiled the promotion to coincide with the launch of its new GI platform which boasts five specialist landlord property insurance providers on the run up to the taxation changes announced by the chancellor in the autumn statement.

With effect from 8 April 2016 properties purchased for investment will attract a 3% stamp duty surcharge something that will not apply to limited companies; many pundits have predicted that post-April 2016 there will be a significant number of properties dumped on the market by landlords who no longer see any benefit as well as a significant rise in limited companies being set up for investment properties.

Brian Coulton, head of sales at Source, said: “Everybody loves a deadline and we know landlords will be focused on the end of the tax year in order to maximise the tax breaks before the new rules come in, advisers will be busy helping their clients achieve this and we wanted to offer the best possible choice of GI and remuneration to advisers during the run up to the deadline.”

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.

[tds_create_account btn_bg_h="#000000" f_text_font_family="global-2_global" show_version="" tdc_css="eyJhbGwiOnsiYm9yZGVyLXJhZGl1cyI6IjUiLCJkaXNwbGF5IjoiIn19"]

Latest articles

National Friendly expands adviser proposition with term assurance launch

National Friendly has moved further into the protection market with the launch of Friendly...

Nationwide names Richard Walker to lead intermediary sales and new-build business

Nationwide has appointed Richard Walker as head of intermediary sales and new build, bringing...

Saffron says brokers should look beyond labels on complex mortgage cases

Borrowers with non-standard incomes, unusual properties or international circumstances should not automatically be treated...

Walsham Brothers expands adviser reach with Paradigm Protect panel deal

Walsham Brothers has added Paradigm Protect to its growing list of distribution partners as...

OakNorth joins financing for BetterHome acquisition of Stonebridge parent

OakNorth has joined HSBC and Investec in a senior lending club backing BetterHome Group’s...

Latest publication

Other news

National Friendly expands adviser proposition with term assurance launch

National Friendly has moved further into the protection market with the launch of Friendly...

Nationwide names Richard Walker to lead intermediary sales and new-build business

Nationwide has appointed Richard Walker as head of intermediary sales and new build, bringing...

Saffron says brokers should look beyond labels on complex mortgage cases

Borrowers with non-standard incomes, unusual properties or international circumstances should not automatically be treated...