0800 999 3939
Mortgage Adviser Excellence
0800 999 3939
To join Richard James Partnership, we charge an application fee of £295.00 to process your application, this fee is only requested once we have received your completed application and supporting documents.
Only when you receive our ‘minded to authorise’ email, the application fee will be requested.
Non-Competent Adviser Status
Whilst you are training and being mentored, you will be charged a monthly membership fee of £295.00 per calendar month.
Competent Adviser Status
When you can evidence Competent Adviser Status, you will be charged a monthly membership fee of £195.00 (inc. VAT).
All training courses are charged at £95.00 a day (inc. VAT). Only our Induction Course is compulsory, however all our courses have been designed to help you achieve Competent Adviser Status and maximise your income potential.
Once your application to join RJP has been approved, you will be able to book all courses online.
At RJP, we encourage all mortgage advisers to charge a fair fee for the professional advise they provide clients, but fee charging is not mandatory, especially for newly authorised advisers.
Below is typical example of how much an adviser can earn on a mortgage referral:
| Service | Gross Fee | Net Fee |
| Application Fee | £295.00 | £221.25 |
| Lender Procuration Fee (300k mortgage) | £960.00 | £720.00 |
| Broker Fee on receipt of Mortgage Offer | £495.00 | £371.25 |
| Solicitor Referral Fee | £200.00 | £150.00 |
| Buildings & Contents Insurance | £165.00 | £123.75 |
| Life Insurance Commission | £960.00 | £720.00 |
| Totals | £3075.00 | £2306.25 |
