Commission (Mortgages)

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

Provider	Type of Business	Personal	Amount in Year 1	Clawback
ICS	Mortgage	Yes	1%	up to 3 years
Haven Mortgages	Mortgage	Yes	1%	up to 3 years
Avant Money	Mortgage	Yes	1%	up to 3 years
Permanent TSB	Mortgage	Yes	1%	up to 3 years
Finance Ireland Credit Solutions	Mortgage	Yes	1%	up to 3 years
Bank of Ireland	Mortgage	Yes	1%	up to 3 years

 

Commission (Protection)

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

 

Aviva Life & Pensions Ireland DAC

Product	Initial Commission%	Recurring Commission%	Clawback (months)
Term Protection	22-200%	3-20%	24 months
Mortgage Protection	22-200%	3-20%	24 months
Specific Illness	22-200%	3-20%	24 months
Income Protection	22-200%	3-20%	48 months

  

New Ireland Assurance Company plc

Product	Initial Commission%	Recurring Commission%	Clawback (months)
Term Protection	100-180%	3-30%	60 months
Mortgage Protection	100-180%	3-30%	60 months
Specific Illness	100-180%	3-30%	60 months
Income Protection	100-180%	3-30%	60 months

  

Zurich Life Assurance plc

Product	Initial Commission%	Recurring Commission%	Clawback (months)
Term Protection	90-150%	3-40%	12 months
Mortgage Protection	90-150%	3-40%	12 months
Specific Illness	90-150%	3-40%	12 months

  

Royal London Insurance DAC

Product	Initial Commission%	Recurring Commission%	Clawback (months)
Term Protection	200%	36%	60 months
Mortgage Protection	200%	36%	60 months
Specific Illness	200%	36%	60 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 20 July 2022