Source offer Landlord GI incentive

08 February 2016

From February 8th through March 31st Source, the specialist GI platform is offering a commission incentive on all landlord GI new business that will see advisers paid up to 30% in commission.

Source have launched the promotion to coincide with the launch of their new GI platform which boasts five specialist landlord property insurance providers on the run up to the taxation changes announced by the chancellor in the autumn statement.

With effect from April 8th 2016 properties purchased for investment will attract a 3% stamp duty surcharge something that will not apply to limited companies, post April 2016 experts predict that there will be a significant number of properties dumped on the market by landlords who no longer see any benefit as well as a significant rise in limited companies being set up for investment properties.

Brian Coulton, Head of Sales at Source said, “everybody loves a deadline and we know landlords will be focused on the end of the tax year in order to maximise the tax breaks before the new rules come in, advisers will be busy helping their clients achieve this and we wanted to offer the best possible choice of GI and remuneration to advisers during the run up to the deadline”.