Another non-major launches broker commission sweetener

by Adam Smith28 Aug 2014
On the heels of yesterday's announcement from Bankwest, another non-major lender has launched a commission incentive for brokers.

AMP has launched a new incentive that can see brokers earn an additional 20bps of commission. All new loan applications  - including those for increases -received between 25 August 2014 and 30 November 2014 and settle between 1 September 2014 and 31 January 2015 will receive an additional 20bps of upfront commission.

The promotion applies to all its products, excluding its Affinity Package and Affinity Basic Package.

Bankwest yesterday also announced commission changes. The lender said it would offer a temporary year-one trail bonus for loans below 75% LVR.