Access 4 Finance launches new commission policy

The change to their commission policy - which the firm is describing as a Commission Match Policy - complements their existing 'No Clawback Promise' and a commitment to provide proof of all income generated and costs incurred.

Director Scott Thorpe said of the new policy:

“Other packagers seem so convinced that their way is a fairer way of paying commission on completions. We reviewed all of our completions in July and in 10% of cases our Introducers would have received more income if they had gone elsewhere.

“As a result we have reworked our commission policy to ensure that the Introducer will receive the greatest of either a 50/50 split after costs, 50% of the broker fee or 4% of the net loan amount up to £50,000.”

Alongside this, the company has launched a new website, which is says showcases how their business has grown since its launch three years ago, as well as representing its expanding bridging and commercial offering.

Thorpe said:

“At a time when others are diversifying we have made a conscious effort to concentrate on improving the core services we provide rather than seeking to be a Jack of all trades.

“As a result of this we are offering what we believe to be some of the best support to mortgage brokers to allow them to benefit from second charge loans. We offer compliance support, product training and marketing resources to all our introducers free of charge."