Mortgage Next has announced its pricing structure for brokers who wish to join its network as appointed representatives.
The pricing structure consists of three tiers, including a flat fee of £80 per month for each firm, a fee of £40 per month for each additional mortgage adviser and a monthly fee equivalent to 5% of turnover.
The aggregate fee charged each month is subject to a minimum of £250.
Martin Maynard, managing director of Mortgage Next, says: “We now have the infrastructure in place - which includes a team of 24 compliance staff – to ensure our service is both comprehensive and robust.
“Our charging structure is competitively pitched in the market and offers good value for money. Pricing is always a balancing act in which you must reflect the true cost of providing a service, whilst ensuring your tariff stands up to comparison.”