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Positive Lending increase commissions

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Positive Lending increase commissions

Managing director of Positive Lending, Chris Fairfax, has spoken about the decision to alter his company’s commission payment policy:

“In a heavily restricted market, Positive Lending recognise that the task of sourcing acceptable, genuine and productive business is an increasingly difficult task and the volume of business available is limited.
“As with any market where business is limited, we understand there will be an increased emphasis, more than ever, in maximising the return for each case submitted. In light of these changes to the market, and after undertaking a complete cost review and restructure of our business we have taken the decision to change our commission payments for all submitted business with immediate effect.
“Positive Lending will now pay 50% of total commission including broker fee after cost of completion has been deducted. A case invoice will provided as a matter of course detailing a breakdown of completion costs to ensure 100% transparency.
“Positive Lending will not be offering a fixed processing service unlike other packagers as after speaking to our network of introducers, we have highlighted this is not necessary and offers a very real possibility of supporters incurring large abortive costs.”

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