Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie
Hi all! We have been experiencing an issue on site where threads have been missing the latest postings. The platform host Vanilla are working on this issue. A workaround that has been used by some is to navigate back from 1 to 10+ pages to re-sync the thread and this will then show the latest posts. Thanks, Mike.
Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

Do BOI pay commission to all brokers i.e. whether or not registered as intermediaries

  • 09-10-2019 7:31am
    #1
    Dominic D
    Registered Users Posts: 2 ✭


    I'm considering working through an adviser who is registered as an insurance intermediary but not as a mortgage intermediary- I'm trying to establish whether BOI would pay 1% commission to her on drawdown (should we get that far !). Thank you


Comments

  • #2
    Henry Ford III
    Moderators, Business & Finance Moderators Posts: 17,757 Mod ✭✭✭✭Henry Ford III


    Ask them. They are obliged to disclose it.


  • #3
    Jim2007
    Moderators, Business & Finance Moderators Posts: 10,419 Mod ✭✭✭✭Jim2007


    Dominic D wrote: »
    I'm considering working through an adviser who is registered as an insurance intermediary but not as a mortgage intermediary- I'm trying to establish whether BOI would pay 1% commission to her on drawdown (should we get that far !). Thank you

    They have make their living somehow, so if you are not paying them a fee then it's a fair assumption they are getting in some other way...


  • #4
    Henry Ford III
    Moderators, Business & Finance Moderators Posts: 17,757 Mod ✭✭✭✭Henry Ford III


    Jim2007 wrote: »
    They have make their living somehow, so if you are not paying them a fee then it's a fair assumption they are getting in some other way...

    What other way?

    To get commission from a lender an intermediary has to be registered and regulated as a mortgage intermediary.


  • #5
    Trish56
    Registered Users, Registered Users 2 Posts: 1,256 ✭✭✭Trish56


    You have to be registered with the Central Bank as a Mortgage Broker to get commission paid and Bank of Ireland has only recently returned to paying commission to Brokers and as far as I'm aware and open to correction they haven't appointed many brokers so far.

    You can check the person's status on the Central Bank website to establish if they are a mortgage Intermediary and their terms of business will also confirm same.


Advertisement