The scheme does not replace existing commission payments that members of the National Association of Commercial Finance Brokers receive from Aldermore Commercial Mortgages. It is an additional payment which will be made to the NACFB at the end of the year.
Rob Lankey, managing director of Aldermore Commercial Mortgages, said: “Aldermore is delighted to offer this scheme to NACFB’s brokers who play an essential part in our business and as the leading sponsor for 2013 it’s fantastic to be involved in a scheme that will benefit them.”
After the end of year payment the NACFB will pay members an override commission based on the total value of business completed in 2013.
Aldermore has agreed to continue to support the NACFB by helping to promote training and development needs of members for the future.
NACFB chief executive Adam Tyler said: “This new scheme for the new year shows the commitment that Aldermore are making to the NACFB and its members for the future.
“We have negotiated this arrangement to ensure that commercial finance brokers who comply with a code of practice are recognised for their standards and professionalism.”
In order to qualify for override commission a broker must be both an accredited member of the NACFB and a registered introducer with Aldermore Commercial Mortgages.