Mortgage Next announces price structure for appointed reps

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 &#45 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.”