Positive Solutions offers advisers £200 for referrals

Positive Solutions has teamed up with IFA Conveyancing, Bluetrust Conveyancing and the Halifax Conveyancing Service which will see partners advising on mortgage sales earn an extra income from referrals.

Commenting, Mortgage Club manager Paul Rignall, said: "Over time we will add new providers and form new alliances to further increase choice and income generating opportunities for advisers."

He said the deals would be welcomed, especially at a time when advisers needed to diversify their income streams and look hard at their business models.

"Many have unwritten referral arrangements with local lawyers or conveyancers but perhaps do not know what benefits these loose arrangements actually deliver," he said.

"These new deals give those advisers the option of a formal process which lets them see exactly what positive value is coming back into their business."