Mortgage Next has launched a number of insurance products for directly authorised brokers, which guarantee to pay 30% commission for the life of the policies.
The scheme offers both building and contents insurance and mortgage payment protection insurance (MPPI), through a number of major providers. The products can be arranged instantly online and can be tailored to meet the needs of the client, according to Mortgage Next. Gemma Harle, managing director of Mortgage Next, says the 30% commission guarantee means a broker can earn £610 over a five-year period from a building and contents policy with annual premiums of £340. Harle says the scheme offers an excellent opportunity for brokers to increase their incomes at a time when mortgage proc fe...
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