Below is an update from Together, the Bridging and Commercial Mortgage lender, that you can access via our bridging and commercial mortgage team. Contact our team today for more information or click here to view their product cards.
Announcement
Changes to commission on personal finance products.
We’re writing to give you advance notice of changes to the commission payable on some of our personal finance products, that we plan to introduce on 24th November 2023.
At Together, we value our partners and are committed to offer market-leading commission. Following a market review and an initiative to align our commission rates we have decided to:
Reduce our commission rate from 1.5% to 1.25% on the following products:
Residential first charge mortgages (Prime Plus and Prime).
Consumer buy to let first charge mortgages (Prime Plus and Prime)
In addition to the above, we are pleased to advise that we have increased the maximum level of our commission on these products from £3,000 on Consumer buy to let and £5,000 on Residential first charge, to £7,500 on both products.
We are confident that these changes continue to reflect a highly competitive proposition in the current market.
All cases loaded onto My Broker Venue prior to the evening of 23rd November 2023 will show the former commission rate. Any cases which are requoted and/or have financial amendments made to them after this date will have the new commission rates applied to them.
Want to speak to an expert about your clients’ finance requirements? Contact your partnership desk at 0161 933 7044 or login to MyBrokerVenue here.