• The referee will be paid £500 subject to the referred adviser completing £10,000 gross commission income.
• Should the referred adviser be paid in excess of £50,000 during their first year, the referee will also be entitled to a balance payment equal to 1% of the Adviser’s total gross commission paid for their first year, up to the maximum referral payment

Terms and Conditions

The referral amount detailed in this scheme is a gross payment. The referee is responsible for any taxes, as required by law, arising from the provision of the referral bonus.

It is the referee’s responsibility to contact the Commissions Team in order to claim the first referral payment.  The second payment will automatically be made should the conditions laid out be met.

The referee will not be eligible to receive the referral payment under this scheme in the event that the referred person is already on The Right Mortgage database at the date of referral or if The Right Mortgage have already received their details but have not yet entered them on the database.

The referred person must be notified and have consented to their details being passed to The Right Mortgage for this scheme before the date of the referral. This is the responsibility of the referee and is subject to the Data Protection Act 2018. The referee will indemnify The Right Mortgage for any loss or claim arising out of the referee’s failure to procure such consent.

Advisers can only be referred to The Right Mortgage once. In the event that an Adviser is referred to The Right Mortgage more than once, only the first person to refer that Adviser to The Right Mortgage (with the referred person’s permission) will be eligible for the referral payment under this scheme.

The referee is not eligible to claim under this scheme for recruitment of advisers into their own Firm.

The referral scheme is available until further notice and can be withdrawn at any time.

Should either the referred adviser or referee no longer be authorised with The Right Mortgage Network at the end of the referred advisers first year, then the second payment will not be paid.

Definitions:

First authorised year/First year – period of 365 days subsequent to the Registered Individual being authorised to advise on relevant products.

Registered Individual – referred adviser

The Referee – the person who has introduced the prospective Registered Individual to The Right Mortgage

The maximum amount – total value of the referral across the two payments.  £500 initially and £4,500 after the first year subject to the terms and conditions mentioned above.