1.1 The following are examples of likely commissions that may be received by us and the likely amounts. These are examples only and may not cover all examples in the future:
|
Provided Service |
Basis of Commission |
Rate of Commission |
Frequency |
|
Asset Finance |
Service Fee (Variable) |
20% of the total Service Fee |
Quarterly. From commencement of the Finance Agreement to termination date |
|
Asset Finance |
Take on Fee |
20% of the total Take on Fee |
One off fee at commencement of Finance Agreement |
|
Invoice Finance |
Service Fee (Variable) |
20% of the total Service Fee |
Monthly |
|
Invoice Finance & ABL |
Service Fee (Variable) |
20% of the monthly service fee |
Monthly |
|
Business Loans, overdrafts and Commercial Mortgages |
Variable |
50% of arrangement fee |
One off |
|
Invoice Finance |
Service Fee (Variable) |
20% of the annual minimum Service Fee |
One off Up Front Fee |
|
Invoice Finance |
Service Fee (Variable) |
20% of the greater of the Service Fee or Minimum Service Fee |
Monthly (Lifetime) |
|
Forward Finance, Construction Simple & Recruitment Finance |
Service Fee (Variable) |
10% of the Retrospective Fee |
One off Up Front Fee |
|
Forward Finance, Construction Simple & Recruitment Finance |
Service Fee (Variable) |
10% of the greater of the Service Fee or Minimum Service Fee |
Monthly (Lifetime) |
|
Trade Finance |
Service Fee (Variable) |
10% of the Trade Finance Fee |
Monthly (Lifetime) |
|
Property Related Loans |
|||
|
Invoice Finance |
Upfront Fee |
20% of the upfront fee |
One off |
|
Service Change |
20% of the service charge |
Monthly |
|
|
Commercial, Bridging, Development, Second Charge Loans, Credit Impaired Loans, Adverse Credit |
Variable |
25% of net broker fees |
One Off |
|
Loans |
One Off |
||
|
Term Loans (<£25k) |
Arrangement Fee (Variable) |
50% of Arrangement Fee (Maximum £10k) |
One Off |
|
Term Loans (<£250k) |
Arrangement Fee (variable) |
50% of Arrangement Fee (Maximum £25k) |
One Off |
|
Deposits |
Variable |
£50 per £100k when an account opened with a deposit of >£100k |
One Off |
|
Overdraft |
Arrangement Fee (Variable) |
50% of Arrangement Fee (Maximum £10k) |
One Off |
|
Invoice Finance |
Variable |
40% of the Service Fee |
Monthly |
|
Asset Finance |
Variable |
1% of the initial amount advanced |
One Off |
|
FX |
Variable |
35% |
Monthly |
|
Loans |
Variable |
0.75% of initial lending amount (Lend between £50k-£10m) or TBC for lends above £10m |
One Off |
|
Invoice Finance |
Variable |
10% of all discount charges |
Monthly |
|
Insurance |
Variable |
10% for new business |
One Off |
|
Variable |
5% for renewals |
One Off |
|
|
Invoice Finance, Invoice Factoring & Asset Based Lending |
Variable |
Year 1 - 15% of the annual service charge |
Monthly (Lifetime) |
|
Variable |
Year 2 onwards - 30% of the monthly service charge |
Monthly (Lifetime) |
|
|
Invoice Factoring |
Take On Charge (Variable) |
20% |
One Off - paid first month after take on of client |
|
Factoring Charge (Variable) |
20% |
Monthly (Lifetime) |
|
|
|
Variable |
50% of the fee |
|
|
Invoice Finance |
Variable |
20% of the 'take on' income. |
One off |
|
Variable |
20% of service charge |
Monthly |
|
|
Loans |
Variable |
Minimum of 0.25% of the balance to finance on the Customer Agreement and maximum of either i.) 1% balance or ii.) £1000, whichever is lower |
One Off |
1.2 If relevant in the future, abnormally large commissions (for example more than double the largest amount in the table above ) are received which were not envisaged when the Engagement Letter was signed, we will obtain specific consent to the retention of those commissions.