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The schemes, which guarantee to pay 30 per cent commission for the life of the policies, are being provided by Uinsure.

The MPPI insurance is being underwritten by Norwich Union.

Gemma Harle, managing director of Mortgage Next, said: "The policies on offer from Uinsure not only represent excellent value for money for clients but also excellent value for advisers as they guarantee to pay an annual 30 per cent commission for the life of the policy.

"On a typical buildings and contents policy with annual premiums of £340, directly authorised advisers could expect to receive commission of £610 in a five year period.

"At a time when mortgage procuration fees are under pressure, the type of scheme on offer from Uinsure has to be seen as a welcome development."

Simon Taylor, chief executive of Uinsure, said: "We are delighted to be making our insurance schemes available through Mortgage Next.

"Advisers will find our online systems easy to use and we also provide help desk support if needed. We are looking forward to working with Mortgage Next's members in the coming months."