The following changes will be effective as of Thursday 25th August 2011, and will apply to new secured loan applications received on or after the 25th August 2011.
Norton Broker Services will now pay its introducers 50% of the total income generated less the true cost.
Typical Example:
- Loan Amount: £22,000
- Previous Commission Payment £962
- New Broker Commission Payment: £1,355
- Increased Broker Payment: £393
This is an increase of 41%
Scott Thorpe of Norton Broker Services commented:
"Since the launch of the "One Stop Shop" Our Broker introduced business has increased dramatically, resulting in record levels of completions post credit crunch.
"The demand for our products, coupled with our first class service, has enabled us to expand our broker department and we now allocate an individual Broker Account Manager to each loan enquiry.
"As a direct result of this success we believe these enhanced commissions are the perfect way to reward our introducers for their hard work and loyalty."
