Paymentshield has launched a digital referral scheme allowing mortgage advisers outsource business they are not confident in selling themselves.
Clients who make referrals can earn up to 17.5% commission for every policy generated, while Paymentshield retains four out of every five clients at renewal.
James Watson (pictured), sales and marketing director at Paymentshield, said: “Paymentshield has launched the scheme to take the burden off advisers who for whatever reason don’t wish to manage the general insurance element of the mortgage process.
“By letting us have these conversations with their clients, it’s easier than ever to secure additional revenue while also retaining their business.”
He added: “We know that advisers do a great job of finding the right mortgage investment for their client but sometimes that next step to protect that investment can be missed due to time constraints.
“By introducing to Paymentshield, we can do all the work on the adviser’s behalf and make sure that the client is properly protected whilst maintaining the continuity of an advised sale.”