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Commission for life in chase de vere plan

Chase de Vere Mortgage Management has set up a ground-breaking scheme to pay advisers commission for life for introducing clients and any referrals they then give.

Introducers will get a percentage of any loan that a client takes out with Chase de Vere, not only on the first transaction but also for any transaction that client ever makes through the intermediary.

The introducer will also get a percentage of every transaction carried out by the first new person that the client recommends. Commission will be paid for every transaction made by the client.

Commission payments will typically be about 15 per cent to 25 per cent of Chase de Vere’s gross earnings on each deal and will usually add up to a payment of 250 to the introducer on a 100,000 mortgage.

The promotion has been tested with a limited number of introducers and is aimed at businesses that have not applied for mortgage regulation, including IFAs, accountants and solicitors.

Chase de Vere Mortgage Management managing director Simon Tyler says: “This will mean that firms will earn from every transaction that their clients make, plus every transaction made by first generation referrals. The chall- enge that we face is that we are a growing business so we are looking for market share. What matters to us is volume and this seems a sensible way of achieving our goals.”

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