Mortgage Next offers car insurance service

Mortgage Next is launching a car insurance service where brokers can earn up to 12.5% in referral fees for every policy sold.

The car insurance proposition is being offered to Mortgage Next appointed representatives and directly authorised brokers through motor insurance specialists The Insurance Factory.

Policies can cater for drivers with convictions, imported cars, classic cars and motor homes.

Brokers complete a referral form and then pass the case on to The Insurance Factory, and can also complete referrals in advance by supplying their clients’ renewal dates.

Referral fees range from 10% to 12.5%, depending on the provider.

Gemma Harle, managing director of Mortgage Next, says: “This is another way for brokers to enhance their income.

“Brokers hold review appointments with their clients anyway and clients trust them so why not look at their car insurance at the same time?”