Fee’s and Commissions
Knock Knock Solutions make every effort to ensure that our fee’s and commissions are fair and transparent, for you the introducer, and your clients.
Commercial Finance
We receive a procuration fee from the lender, which ranges from 0.5% to 1.5% of the loan advance. This fee will be split with the introducer 50/50.
In addition, a client fee will be charged at a minimum of 0.25% of the loan advance. This again will also be split 50/50 with you the introducer. The amount of client fee charged is decided between the introducer and underwriter on a case by case basis. This allows you flexibility in what your client is charged and what you will earn from the deal.
Typical deal
- Loan amount 250,000.00
- Proc fee 0.7%
- Client fee 1%
- Payment to introducer £2125.00 (£875 Procuration Fee plus £1250 Client Fee)
Secured Lending
Typically commissions paid for secured lending tend to be around 3.5% of the loan advance. Knock Knock Solutions pay 60% of this commission to you, the introducer.
As the packager, we are responsible and pay for costs of valuations, references, searches and lender questionnaires. We charge a "Processing Fee" to the client, which we retain to cover these costs. This is calculated on a sliding scale dependant on loan amount. Most lenders cap the total amount of fees that can be charged, but in most cases you will still be able to charge a "Broker Fee" on top of our processing fee which you, the introducer, retain 100%.
Typical deal
- Loan amount £30,000.00
- Procuration fee 3.5%
- Knock Knock Processing Fee £1800.00
- Introducer Broker fee £1000.00
- Payment to introducer £1630.00 (£630 Procuration Fee plus £1000 Broker Fee)
Bridging Finance
As with Commercial Finance, Knock Knock Solutions will receive a procuration fee from the lender, typically 1% of the loan advance, which is split 50/50 with the introducer on completion.
In addition, we will charge a minimum of 0.25% of the loan advance as a client fee, which again is split 50/50. The level of the fee is set in accordance with the introducers wishes.
Typical deal
- Loan amount £150,000.00
- Procuration Fee 1%
- Client Fee 1%
- Payment to introducer £1500.00 (£750 Procuration Fee plus £750 Client Fee)
Please see the individual product pages for more information on products and commissions