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SMS boosts broker commission

Solent Mortgage Services is offering brokers enhanced commission fees of up to £50 or an additional 0.10% for using its online portal and application system.

The enhanced fees are available for completed business through SMS’ panel lenders for applications submitted through its online portal The Porthole, and its Solent Enquiry to Application System.

Brokers who submit cases to BM Solutions will also get a bottle of wine for every completed case.

Kelvin Cooper, managing director of SMS, says: “Our online Porthole is specifically designed to help brokers spend less time on administration and more on fulfilling customer needs. SEAS and the Porthole are there to facilitate the advice process.

“They give immediate access to powerful tools to provide accurate and compliant product analysis. Applications can be submitted online with all the time that saves, leading to faster completion and a happier client.”


Don’t give up on remortgages

Brokers should not be discouraged by falling remortgage approvals because busi- ness may be placed at a later stage, says Alexander Hall.Andy Pratt, chief operating officer at Alexander Hall, says: “There are a lot of customers who want and need to remortgage but can’t get deals. Brokers are contacting their clients to find they no […]


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