Products and Commissions
Secured Loans
While we offer secured loan products from a variety of lenders, the criteria are broadly the same across all products.
- Loans of £5,000 – £100,000
- Rates from 8.1% APR
- Up to 100% Loan to Value for employed clients with excellent credit history
- Special Plans to cater for Unlimited CCJs & Defaults, Mortgage Arrears, Bankruptcies and IVAs
- True Self-certification products available for self employed applicants
- Secure behind Non-conforming lenders
- Secure on Right to Buys still within pre-emption period
In addition to all this, in the unlikely event that your client is declined by our panel of lenders, we will automatically try to find an unsecured alternative product – a useful alternative when the decline is as a result of low equity or minor adverse for example.
Plus!
It isn’t just our processing that’s become slicker and speedier. From now on, when you put loan enquiries through Freedom, your commission payments can be sent direct to your bank account by BACS transfer.
| Our Generous Commission Structure | ||
| Loan Amount | Commission with SPPPI | Commission without SPPPI |
| £5,000 - £10,000 | 2.50% | 2.00% |
| £10,001+ | 3.00% | 2.50% |
| Unsecured | 2.00% | 2.00% |
| Over-Ride Scheme | ||
| Paid out cases per month | Over-Ride Commission Payable | NOTE: Override will only be paid on Secured deals over £10,000. *Over-Ride is based on volume of deals. Payments are not on a case by case basis. |
| 3 to 4 | £1,300* | |
| 5 to 6 | £2,100* | |
| 7 | £3,600* | |
| 8+ | Refer to your Account Manager* | |
| Example | ||
| Complete 3 cases: 1:£12,000 (no PPI) 2:£15,000 (with SPPPI) 3:£20,000 (width SPPPI) in a month and earn |
£1,350 | |
| We will pay an Over-ride of | £1,300 | |
| Which means you earn a total of | £2,650 | |
To increase the commissions you earn, and to extend your offering to clients, click here to register with Freedom Finance today.
