For Mortgages we receive commission of 1% of the mortgage amount paid up front
In the event of the mortgage being redeemed in the first 3 year’s the bank claim back a percentage of the commission paid as follows:
Finance Ireland/ Permanent tsb / ICS Dilosk
0-12 months 100%
13-24 Months 50%
25-36 Months 25%
Bank of Ireland
0-12 months 100%
13- 18 Months 70%
19-24 Months 55%
25-30 Months 40%
31-36 Months 25%
KBC / Haven and Ulster Bank
Clawback is pro rata over the first 36 Months.
Royal London