Does anyone get paid on completion?

[lucasoid]

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of loans and mortgages etc.

Excuse my ignorance, I've just joined the forum and am finding out how it all works.

I know certain brokers who have referral schemes (in the actual world - not online) who pay on completion.

Does anyone do this?

if so, what % are they paid or is it a set figure?

lucasoid

[cyates]

hey ,
just sent you a pm

chris

[simonb]

Pay on completion is not a great model for mortgage enquiries as the conversion rate is dependant on the brokers sales ability and product range and it can take over 6 months to take a case from enquiry to completion.

Payment per Lead is more widely used in Affiliate marketing.

[JayFCF]

We pay out on completion

It depends on what you are after - a quick return or a longer investment.

Commission is split 50/50 but like the previous post suggests it can take a while for the case to complete.

I believe the salesman's ability does have a bit to do with the conversion of the lead but if the lead doesn't meet criteria then the salesman is not at fault.

Earn here you can earn (or expect to pay) around £100 - £150 for a "Decent" lead that meets criteria. These you get paid for at the end of the working month.

A "decent" lead that does complete on 50/50 is likely to earn around £2000 but it'll take between 6 - 12 weeks to complete.

As to which one is better - thats up to you!

I can see why BOTH are as attractive as each other