|
Mortgage Next Network Fees
An overview of the Mortgage Next Network fees are detailed below, however please talk to your Recruitment Development Manager for a personalised quote.
Monthly Firm Fees:
Completions per month (includes mortgage, general insurance, protection) |
Fee per completion |
0-5 |
£200* |
6-10 |
£20 |
11-20 |
£10 |
21+ |
£5 |
Charges are levied according to the actual number of case completions per firm per month where commission is paid by Mortgage Next.
Monthly Turnover Fees:
• Fees are charged as a percentage of gross life commission rates on business completed.
• Turnover fees on gross life commission are between 14-18% (this is split with Mortgage Next's life aggregator).**
Additional information:
• Professional Idemnity Cover is included for all Appointed Representative firms.
• A £75 + VAT application fee per adviser applies
• A minimum fee of £50 per month is charged for each additional adviser for firms with more than two advisers. (Please refer toyour Recruitment Development Manager for firms of more than five advisers).
* Fixed fee payment for two advisers
** Please refer to current Mortgage Next Network procuration, general insurance and protection rates.
|
