Network cuts prices for mortgage-only advisers

Virtual Net will now charge a base level of £50 and 5.99% of adviser turnover. As well as this pricing, new members have the ability to negotiate further reductions based on their closeness to the compliance supervisor, track history of good compliance, professional qualifications and other factors. "The main objective is to grow the mortgage network member numbers to attract 150 firms over the next 2-3 years and build a quality mortgage network that we can all be proud of," says Bill Dudgeon, head of lending services at Virtual Net. "We have worked hard to build on the strengths of V...