Club members to be miles better off

Mortgage Next is to enhance its mortgage club proposition for directly authorised brokers with the launch of the Passport scheme on October 1.

As well as access to exclusive products and free subscriptions to Mortgage Brain and Trigold, Passport offers an AirMiles loyalty scheme whereby points are received for every case that completes with Mortgage Next.

Brokers will receive 145 AirMiles for each standard completion and 290 for each sub-prime and packaged case which completes after the first two cases each month.

Members of Passport will also have access to a lead generation panel that has been vetted by the compliance department. They will receive five free leads when signing up with www.paa.com.

Membership costs 100 a year, which is deducted from the broker’s first proc fee payment after joining. Justine Tomlinson, marketing director at Mortgage Next, says: “Directly authorised brokers like to use mortgage clubs but there is a need for clubs to add value to their propositions if they wish to prosper.

“A similar package of benefits will be available to appointed representatives of the Mortgage Next network. Our objective is to add real value to any broker who chooses the Mortgage Next brand.”

Other benefits of Passport include a car leasing scheme, preferential rates with Goldsmith Williams Solicitors and a white label website facility.