A new golden hello scheme has recently been launched by leading national broker firm Just Money, to help principal firms attract experienced advisers who are transferring from an employed role to self-employed.

Carl Parker, national director of the Just Mortgages self-employed division said: ““We have worked hard to put in place everything a broker needs to prosper in a new self-employed role. The existing commission advance scheme has provided a lifeline for those brokers taking the step to independence as a self-employed broker, so we’re delighted to launch this new initiate for principal firms.”

“More and more principal firms are looking to recruit top-quality brokers but those moving from a regular paycheck to self-employed income face an inevitable gap before commissions are paid. This scheme allows firms to welcome new brokers with commission paid in advanced to help smooth the transition to their new, successful career as a self-employed broker. Certain conditions must be met to qualify, but these are realistic and achievable.”

Need a leg-up?

The new Commission Advance Scheme is designed to support the principal firm grow their business whilst also recognising the challenges in earning from a pipeline in the early months.

Those looking to be self-employed and walk away from a steady pay cheque can be a daunting venture.

Therefore, Just Mortgages offers this commission advance whereby firms are paid £1,500 per month for three months to pass onto their newly authorised brokers.

With extended completion timescales currently being seen in the market, this new initiative has also been structured so that no repayment is due for six months, thus providing adequate time for the member to build their business.

This development is also in addition to Just Mortgages’ current commission advance scheme where newly self-employed brokers can receive £2,000 per month for the first three months.

Who does this benefit?

The scheme is the latest aid for Just Mortgages’ self-employed brokers, who already have unrivalled support, a comprehensive training programme, and expert marketing and lead-generation advice and content.

The offering is ideal for brokers looking for independence from being self-employed but also value expert advice and support.