Welcome to Nm²

COMPLIANCE COST

At Nm² we believe in a transparent charging structure. Our fees are highly competitive within the market place and are charged on a flat-fee basis with no hidden or undisclosed costs.

For sole traders and small mortgage & general Insurance intermediaries or IFAs looking for a Compliance Health check, fees start at £500 (plus VAT).

If you are a Mortgage & General Insurance Intermediary and are looking to enter into an ongoing service with Nm², our standard service which includes:

• Compliance health check
• Compliance helpline
• Quarterly newsletter, including CPD
• Annual Compliance visit
• Our comprehensive software solution for ensuring FSA-compliant mortgage and general insurance advised and non-advised sales through Homebuyer Systems, this includes:
  • Whole of market product sourcing, using the same data as the FSA
  • 100% compliance checking (Compliance Officer System)
  • Sales management system
  • Regular fitness and competence updates and tests
  • Personnel management system to record the necessary information on Registered Mortgage Advisers and trainees
  • Integration to our dedicated case management system through Mortgage StreamT

can cost as little as £500 (plus VAT) as an up front fee, and a £250 (plus VAT) monthly fee thereafter.

In addition, we are also able to provide adhoc services such as:

• Preparing new brokers for FSA authorisation
• Assistance with applications for FSA authorisation
• Field observations
• Assistance with Training & Competence supervision
• FSA style audits