TMA has launched a profit share scheme for the advisers that use it.
The scheme will award profit share of up to 100% of the margin retained by the mortgage club on any mortgage business.
This scheme is available to those businesses that submit up to 50 mortgages per month, with larger firms able to negotiate profit share separately.
TMA currently has a protection panel of eight providers including: Ageas, Aviva, Bright Grey, Exeter Family Friendly, Friends Life, LV=, Pru Protect and Zurich.
Anything over 20 protection cases a month and a broker will receive 100% of the gross procuration fee received by TMA, from all mortgage business they place.
There is a sliding scale to receive profit share up to the 20 cases as long as a broker places a minimal amount of at least four cases a month.
David Copland, spokesman for TMA and director of mortgage services for LSL, said: “The objective of the profit share scheme is to reward loyalty. We believe that the more business an adviser places with their mortgage club, the more they should expect to receive.
“TMA has long been known for providing the best rates in the market; we do offer those still but we are now about so much more. This includes providing a whole range of services that a directly authorised adviser might need, including bespoke compliance, a mortgage desk, and specialist packaging.”
