Rob Jupp

Brokers paid £2,500 average referral fee from Private Label since relaunch

Private Label has paid brokers an average referral fee of almost £2,500 since the service was relaunched by the Brightstar Group in March.

The boutique service helps brokers to place high-value residential first charge cases and has already handled over 80 cases with loan values exceeding £750,000.

Brokers can choose between a traditional non-advised packaged service — which searches the market for solutions, packages the case and manages it from enquiry through to completion — or the referral option, where cases are managed by Sirius Property Finance.

The service has seen an average fee of £2,490 paid out to brokers and also provides access to lenders as well as private banks that brokers may not be able to use directly.

Earlier this year we introduced the next stage in the evolution of the Private Label brand, with a focus on helping brokers to place high-value cases that will often include circumstances such as complex incomes, non-standard property types, foreign nationals or the need for higher-income multiples,” said Rob Jupp, CEO at the Brightstar Group (pictured above).

He added that working with Private Label could be a “very lucrative choice for brokers”.

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