commission amount to broker?

kingstreet

In rural Staffordshire, my procuration fees are normally around £300 to £350. Probably the same amount of work for a third of the return. Time to move, methinks!

Meeper

kingstreet wrote: »

In rural Staffordshire, my procuration fees are normally around £300 to £350. Probably the same amount of work for a third of the return. Time to move, methinks!

Or explain the benefits of your service to your clients and explain that there will be a fee involved for your time in sourcing, applying for and administering the mortgage application. Don't you put a value on your expertise?

besti

I would make sure he doesn't charge you a fee as well. Have you looked at Martin's bit about cashback in the mortgages section? It might be worth looking at that if you know what mortgage you want.

dunstonh

kingstreet wrote: »

In rural Staffordshire, my procuration fees are normally around £300 to £350. Probably the same amount of work for a third of the return. Time to move, methinks!

My mortgage advisers suffer the same way. I keep encouraging them to push the independent service rather than whole of market. Independent being £500 but refund of any commission where it exists and include non commission payers in research vs commission only deals with commission kept.

handytips

dunstonh, Off subject, as you are in Norfolk (big place i know) have you come across a company called Phoenix ?

dunstonh

handytips wrote: »

dunstonh, Off subject, as you are in Norfolk (big place i know) have you come across a company called Phoenix ?

Big place but not that many firms. Still mostly dominated by work from home IFAs doing home visits. Luckily there is no disclosure requirement on runner beans, tomatoes and jam which are often given to us

Anyway, no, its not one that I have come across.