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Mortgage Next increases commission
29 August, 2008
Mortgage Next Network has increased the commission rates payable to its appointed representatives who arrange general insurance via the Source online comparison system.
Commission rates for household, buy to let, building and contents and accident, sickness and unemployment insurance have been increased from 20% to 25% gross, meaning 20% rather than the previous 15% net commission earning for ARs.
The Source provides Mortgage Next ARs with instant ‘side-by-side’ quotes from a panel of leading insurers including Royal & SunAlliance, NU, L&G, Axa, Zurich and Groupama. Cover can be arranged online immediately and trail commission is paid throughout the life of the policy.
Gemma Harle, managing director at Mortgage Next Network, said: “We’re delighted to have successfully negotiated these enhanced commission rates on behalf of our ARs. In today’s tougher mortgage market income form insurance sales is becoming increasingly important and we’re pleased that we’ve been able to maximise our ARs earnings capability.”