Commission (Mortgages)

Summary of remuneration details we receive from Providers on your business:

ProviderType of BusinessPersonalAmount in Year 1Clawback
ICSMortgageYes1%up to 3 years
Haven MortgagesMortgageYes1%up to 3 years
Avant MoneyMortgageYes1%up to 3 years
Permanent TSBMortgageYes1%up to 3 years
Finance Ireland Credit SolutionsMortgageYes1%up to 3 years
Bank of IrelandMortgageYes1%up to 3 years
Nua Money LimitedMortgageYes1%up to 3 years

 

Commission (Protection)

Summary of remuneration details we receive from Providers on your business:

 

Aviva Life & Pensions Ireland DAC

ProductInitial Commission%Recurring Commission%Clawback (months)
Term Protection22-200%3-20%24 months
Mortgage Protection22-200%3-20%24 months
Specific Illness22-200%3-20%24 months
Income Protection22-200%3-20%48 months

 

New Ireland Assurance Company plc

ProductInitial Commission%Recurring Commission%Clawback (months)
Term Protection100-180%3-30%60 months
Mortgage Protection100-180%3-30%60 months
Specific Illness100-180%3-30%60 months
Income Protection100-180%3-30%60 months

 

Zurich Life Assurance plc

ProductInitial Commission%Recurring Commission%Clawback (months)
Term Protection90-150%3-40%12 months
Mortgage Protection90-150%3-40%12 months
Specific Illness90-150%3-40%12 months

 

Royal London Insurance DAC

ProductInitial Commission%Recurring Commission%Clawback (months)
Term Protection200%36%60 months
Mortgage Protection200%36%60 months
Specific Illness200%36%60 months

 

Irish Life Assurance PLC

ProductInitial Commission%Recurring Commission%Clawback (months)
Term Protection160%20% in Year 548 months
Mortgage Protection160%20% in Year 548 months

 

 

Loanitt do not charge our customers a fee for our service. We get paid a commission payment from the mortgage lender/insurance company you decide to take your mortgage/insurance policy with and the amount we receive is the same regardless of which lender/insurer you go with – we will look for the best option available from our lenders/insurers for you.

 

Effective 19 May 2025