Norton increases commission
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Norton Broker Services is introducing a new commission structure, which will see its average commission increase by 41%.
It will now pay its introducers 50% of the total income generated, for example, for a £22,000 loan the broker will receive £1,355 in commission, compared to £962 previously.
Scott Thorpe, broker liaison officer of Norton Broker Services, says: “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 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”
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