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What makes us different?
Your commission
Just like all other brokers, our income is usually made up from commission from our lender and charging fees that are deducted from the advance upon completion. We then pay you your share of this income and this is how we structure our commission.

We have always paid our introducers by BACS or CHAPS transfer on the day the transaction completes. This can sometimes be a week earlier than we are paid. Our view is that you should not be penalised by having to wait for us to receive our income - we don't have a cashflow problem and nor should you.
why our commission structure is the fairest, most transparent and most flexible in the secured loan market
When you introduce an enquiry to Specialist Financial Services, you will know from the outset the commission you are likely to receive. As a guide you can expect to receive the following, but it can be increased if you wish to earn more.

Type of
advance
Loan
term
Loan amount Average time to
complete transaction
Commission
paid
Residential
Second
Charge
Secured
Loan
3-30
years
£3,000 - £50,000 17 days 4% minimum
2-30
years
£50,001 - £2.5 million 17 days 1%-4%+
Buy to Let
Second
Charge
Secured
Loan
3-25
years
£3,000 - £75,000 17 days 5% minimum
2-3
years
£75,001 - £2.5 million 10 days 1.5%-2%
minimum
Unsecured Loans
For Homeowners
3-7
years
£1,000 - £10,000 3 days 5%
Obviously these figures are for guidance only and may be subject to change.
Loan commission without the 50/50 split!
At Specialist Financial Services we have come up with the most transparent commission structure for secured and unsecured loans in the UK, and a truly fair and flexible solution. When you submit a re-mortgage application to a lender you know how much you will earn, as the lender will pay you a percentage of the advance. At Specialist Financial Services we do exactly the same, except we pay you much more.
Our commission structure couldn't be simpler. We will pay you a fixed percentage of the net loan amount, so for example if we arrange a secured loan for your client of £40,000 with Shawbrook Bank at an interest rate of 6.9%, you will earn 4% of the advance - £1,600 without any deduction of processing costs. It doesn't matter which lender we proceed with or what the interest rate is - your commission is still 4%. It doesn't matter whether the valuation costs us £400 or £800, or if the lender's criteria states two valuations are required - you will still earn 4%. Regardless of what expense we incur during the process, your income is 4%.
If you want to earn more than this amount by, for example £500, we will increase the broker fee we charge by £500 only. Our income stays the same. Many other brokers will allow you to do this, but because they pay 50% of the income generated, they will usually increase the fee by £1,000. And we can do this because we do not charge extortionate broker fees like so many of our competitors.
If you only wanted to earn £500 commission we would reduce the broker fee charged by £1,100. Our income stays the same, but your client is charged lower fees, a lower A.P.R. and more importantly a lower monthly repayment.
This 4% commission applies to all second charge secured loans up to £50,000, regardless of who the lender is. For applications over £50,000 our lenders usually cap the fees we can charge so we pay slightly less than 4%, so please call us. On Buy To Let loans and Unsecured Loans you can earn 5% of the advance.
We realise that every introducer is different. That's why our commission structure is flexible enough to suit your requirements and treat your customer fairly at the same time. All fees, commissions and product terms are declared to your client before the loan process starts, so there are no nasty surprises in the future when they come to repay the loan advance.
We believe our way is fairer and more transparent for you, is much fairer to your client and is keeping with Treating Your Customer Fairly. Click here to see how your client could be getting ripped off elsewhere
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.

IF YOUR CUSTOMER IS THINKING OF CONSOLIDATING EXISTING BORROWING, THEY SHOULD BE AWARE THAT THEY MAY BE EXTENDING THE TERMS OF THE DEBT AND INCREASING THE TOTAL AMOUNT THEY REPAY.

OUR TYPICAL INTEREST RATE IS 9.2%APR VARIABLE. THIS MEANS TWO OUT OF THREE CUSTOMERS RECEIVE THIS RATE OR BETTER. WE RECOMMEND ALL CUSTOMERS OBTAIN INDEPENDENT LEGAL ADVICE BEFORE SIGNING ANY DOCUMENTS

ALL LOANS ARE SUBJECT TO STATUS AND ARE SECURED ON YOUR CUSTOMER'S HOME

tel: 0800 810 1888 or 01442 877991   fax: 0800 810 1005 or 01442 873847   email: click here to contact us
address: Audley House, Northbridge Road, Berkhamsted, Hertfordshire, HP4 1EH
 
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Financial Services Limited. Registered in England, No. 5309450. Registered office: 119 The Hub, 300 Kensal Road, London, W10 5BE.
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