The offer
One flat rate, and it covers everything.
We keep 5% of your commission and proc fees, capped at £750 a month per adviser. It comes straight out of the commission, so there's no invoice to pay and no VAT on top.
What your 5% pays for
- Your FCA periodic fees
- The appointed representative fee for your firm
- FSCS, ombudsman and money-guidance levies
- Our network PI insurance
- A check on every file before submission
- Sign-off on every promotion before it goes out
The small print
If costs ever exceed the cap
If an adviser's own regulatory costs exceed £750 a month, their cap adjusts to their share, reconciled once a year. If an industry levy jumps, only the part above both 150% of last year's levy and the greater of £5,000 or 0.25% of network commission is passed on, with 30 days' notice.
If the rate ever changes
Any increase is capped at CPI plus 2% and only ever applies going forward.
Protection clawbacks
On indemnity commission we hold up to 20% in reserve for the provider's clawback period, up to 24 months, and release it as the risk falls away. It's your money held, never a fee, and you can choose as-earned instead.
What you can write with us
You can write the whole residential, buy-to-let and protection market under our FCA permissions. The 5% and the £750 cap apply to all of it.
You advise, we check it before submission
- Residential purchase, remortgage and product transfer
- Buy-to-let, including consumer buy-to-let
- Second-charge mortgages and regulated bridging
- Life, critical illness, income protection and private medical
- General insurance and business protection
- Small-business finance for sole traders and partnerships
Placed through our specialist partners
- Unregulated bridging and development finance
- Commercial mortgages and limited-company lending
- Asset and invoice finance
These sit outside FCA regulation, so you refer them to our specialist packagers and the case stays on your file.
Regulated activities are carried on under Refresh Mortgage Network Limited's FCA permissions (FRN 826982) as set out in your Appointed Representative Agreement. Specialist lines may require evidence of competence before you write them.
What would you keep?
Drag the slider to your annual commission. The Refresh figure already includes your regulatory bills.
£165,000
1
Yearly cost
Refresh
90/10 network
75/25 network
You keep £156,750 at Refresh, which is £8,250 more than on a 90/10 split.
Enquire| Refresh | 90/10 split | 75/25 split | |
|---|---|---|---|
| Cost per adviser / year | £8,250 | £16,500 | £41,250 |
| Firm cost / year | £8,250 | £16,500 | £41,250 |
| What you keep / year | £156,750 | £148,500 | £123,750 |
| Refresh saving | £0 | £8,250 | £33,000 |
Illustrative figures. An adviser writing £165k a year pays about £8,250 at Refresh and never more than £9,000; about £16,500 on a 90/10 split; about £41,250 at 75/25. Directly authorised costs £8–14k plus the admin.
How we compare with the other routes
| Feature | Refresh | Percentage networks | Flat-fee networks | Directly authorised |
|---|---|---|---|---|
| You keep | 95%, capped £750/m | 70–94% | 100% minus fees | 100% |
| Regulatory bills | Included | Usually | Varies | You pay |
| PI cover | Included | Via levies | Varies | You pay |
| VAT added | None | On fees | On fees | On services |
| Paid | Same day | Weekly–monthly | Varies | Lender run |
| Case checks | 100%, before | 5–10% after | Sampled | Yours |
| Promotions | Approved before use | Days–weeks | Days | Yours |
| Go live | ~30 days | 6–12 weeks | 4–8 weeks | 3–6 months |
| Introducing | 25% for life | One-off bounty | Rarely | n/a |
Why other networks can't match it
Software runs the network, so the cost stays low
Our costs are the software and a small team, so we don't need a big slice of your fees.
We check every file, which keeps our PI cover affordable
Catching problems before submission means fewer claims, and fewer claims keep the premium down.
We only earn when you do
If you're not writing business, we're not getting paid, so we're on the same side.
Our promises on price
- Everyone pays the same published rate
- Increases are capped at CPI plus 2%
- There are no joining, membership, adviser or file fees
- Launch offers are free months, never a cheaper rate
Keep 95%. We pay every bill.
Apply online in five minutes and you'll have a decision within 48 hours.