Bright Grey was the fifth insurer to be added to Mortgage Times’ Platinum Panel and has joined Scottish Provident, Norwich Union, Friends Provident and Legal & General.
Directly authorised (DA) brokers will be able to gain full gross commission, including renewals with no deduction on every case. Gross commission rates for Bright Grey are 185 per cent for two years.
Paul McGuirke, head of sales at the Mortgage Times Group, commented: “We are committed to offering a range of products and services that can add value to our brokers. We have devised a series of combined packages to help brokers conduct business and not only streamline the process but also ensure they can meet regulatory requirements. With Bright Grey’s addition, we are extending further the choice that our Platinum Panel subscribers can offer their customers. We have also reduced the individual costs of combined life and compliance services for DA firms, thus adding further value to our proposition.”
Andy Peter, distribution director for Bright Grey, said: “We’re delighted to have been appointed to the Mortgage Times panel and look forward to working with it to produce a good stream of business. This is the second major mortgage panel we’ve been appointed to in the past month, following Home of Choice, and shows the strength of Bright Grey’s proposition.”
Darren Pescod, managing director of The Mortgage Broker Ltd, welcomed the addition: “I think it’s a fantastic move on the part of Mortgage Times to appoint Bright Grey to its panel, as it is very professional with great customer service, which is refreshing. Its products offer great flexibility alongside competitive pricing, which is always a move in the right direction for any sales force.”
