Appointed representative network

Keep 95%. We pay every bill.

We keep 5% at source and it pays every regulatory bill, with no joining, membership, adviser or file fees.

Authorised and regulated by the Financial Conduct Authority, FRN 826982. Refresh Mortgage Network Ltd, company 11614569.

Commission statement

Tuesday 14 October

Received from the lender 10:42. Paid to your account 14:05.

PAID SAME DAY

Proc fee, Halden Road purchase: £1,840.00
Protection, level term: £962.50
Proc fee, remortgage: £1,212.00
Refresh's share, 5%: −£200.73
You keep: £3,813.77

95% yours, same day5%: every bill paid

95%
of every proc fee and commission is yours
£750
is the most we ever keep per adviser in a month
Same day
paid the day the lender pays us
£0
joining, membership, adviser or file fees
30 days
from application to trading

On your statement

Here's how it looks on a statement.

1
The 5% comes off at source
There's no invoice and no VAT on top. On £4,014.50 of commission Refresh's share is £200.73.
2
Everything else is yours
£3,813.77 lands in the firm's account the day the lender pays us.
3
It never goes above £750
Once Refresh's share for an adviser reaches £750 in a month, the rest of that month is 100% theirs.

This month

Received: £4,014.50
Refresh's share: £200.73
Paid to you: £3,813.77

The maths

What would you keep?

Drag the slider to your annual commission. The Refresh figure already includes your regulatory bills.

Annual gross commission per adviser

£165,000

£40k£400k

Number of advisers

120

Yearly cost

Refresh

£8,250

90/10 network

£16,500

75/25 network

£41,250

You keep £156,750 at Refresh, which is £8,250 more than on a 90/10 split.

Enquire

Illustrative figures. An adviser writing £165k a year pays about £8,250 at Refresh and never more than £9,000; about £16,500 on a 90/10 split; about £41,250 at 75/25. Directly authorised costs £8–14k plus the admin.

Compare

Refresh against the alternatives

	Refresh	Typical network	Directly authorised
Your share	95%, capped £750/m	70 to 94%	100%
Regulatory bills	Included	Varies	You pay
Paid	Same day	Weekly to monthly	Lender run

See the full comparison

What's covered

What your 5% pays for

It's every regulatory bill, taken at source. No joining, membership, adviser or file fees.

Your FCA periodic fees
The appointed representative fee for your firm
FSCS, ombudsman and money-guidance levies
Our network PI insurance
A check on every file before submission
Sign-off on every promotion before it goes out

The full offer

What you can write

What you can write with us

You advise, we check it before submission

Residential purchase, remortgage and product transfer
Buy-to-let, including consumer buy-to-let
Second-charge mortgages and regulated bridging
Life, critical illness, income protection and private medical
General insurance and business protection
Small-business finance for sole traders and partnerships

Placed through our specialist partners

Unregulated bridging and development finance
Commercial mortgages and limited-company lending
Asset and invoice finance

See everything you can write

Getting started

You could be trading in about 30 days

1
Apply online in five minutes
One form in five short steps, saved as you go. Finish it in one sitting or come back later.
2
You'll have a decision within 48 hours
Your application is scored as soon as you submit it, and a person accountable to the FCA signs off every approval.
3
You're trading from day 30
We notify the FCA on day one and set up your Refresh CRM and logins while the 30-day notice runs.

See how it works in detail

More ways to earn

Two more ways to earn through Refresh.

Pass a case to another member firm

Post what the client needs and pick your share, 20% to 50% of the net commission. First to accept takes it.

How referrals work

Introduce a firm and earn 25% of the margin

Paid monthly from cash we've collected, for as long as the firm stays. One public rate, and nothing to sell.

Become an introducer

25%

Questions

The questions brokers ask before they move

What does it actually cost me?

We keep 5% of your proc fees and commission at source, and never more than £750 per adviser in a month. That pays your FCA fees, the levies and PI, and there are no joining, membership, adviser or file fees.

When do I get paid?

The same day the lender or provider pays us, with a statement in your portal showing every line. If you'd rather be paid at exchange, Refresh Advance does that for around 1% on the case.

Can I still write everything I write now?

Yes, and the full list is under "What you can write with us" above, from residential purchase to small-business finance. The specialist lines are placed through our partners, and the same list is on the offer page.

Who checks my files?

Every file is checked before it goes to the lender, and anything to fix comes back to you as a short written list. Nothing is submitted until it passes, which is what keeps our PI cover and your price low.

Do I have to change my CRM?

Yes, you'll work in your Refresh CRM from day one, and we set it up before you trade. One system is how we check every file and pay you the same day.

What happens with protection clawbacks?

On indemnity commission we hold up to 20% in reserve for the provider's clawback period, up to 24 months, and release it as the risk falls away. It's your money held, never a fee, and you can choose as-earned instead.

Who's behind Refresh, and who answers my questions?

Refresh is an FCA-authorised principal with named people accountable for every approval, and software running the rest. You message us from your portal and get a written reply, so there's always a record.

What if I want to leave?

Leaving terms are set out in the AR agreement you sign with Refresh; ask us before you join and we will walk you through them.