One Prestbury-appointed representative, who is awaiting commission payments from the network, says he is concerned that the di- rectors’ jobs are dependent on the number of ARs they can bring to PTFS.
He says: “This makes the retention of Prestbury’s overdue commissions more morally bankrupt than ever.
“The phrase that has been heard is that Birkett sees himself as the shepherd and the sheep always follow the shepherd.”
Mortgage Strategy has seen a letter from Lee Birkett sent to Prestbury ARs last week stating that outstanding commission will only be released once they sign contracts with PTFS.
PTFS and Birkett were unavailable for comment as Mortgage Strategy went to press.