How Do Mortgage Brokers Get Paid
In this video, Craig Skelton looks at how do mortgage brokers get paid . He breaks down The three most fundamental ways the mortgage broker is paid in the UK.
Mortgage brokers mortgage advisors and mortgage consultants get paid through a range of different avenues however there are three core areas of which the income is made up. These include procuration fee is from the mortgage lenders, a commission from the insurance providers, and an advice fee paid by the client.
Craig breaks down exactly what each one of these is and how they work.
Chapters
0:00 introduction
0:28 procuration fee
0:44 Commission from insurance providers
1:16 mortgage broker fee
