It will be providing bridging services in association with Cheval Bridging Finance under the name BDS Bridging, while it has teamed up with ClearDebt to offer debt management services to introducers’ clients.
BDS will also be expanding its offering from Mychoice Insurance to the directly authorised market through its website; a service previously offered solely to its appointed representatives through its network proposition.
Phil Jay, managing director at BDS, commented: “Diversification is the key differentiator between surviving and prospering in the current financial climate. Despite current industry conditions we are continuing to grow in both staff and services and our aim is to continue this growth by offering the widest variety of services that we can. In order to flourish in these turbulent times, brokers need to look at new income streams and we believe the addition of these three services will bring added value to any firm’s proposition.”
Simon Biddle, head of marketing and communications at Infinity Mortgages, agreed diversification was the word for packagers.
“In the current climate, those packagers who are mono-income will struggle if they don’t change. Bridging and debt management are two areas which brokers are finding themselves needing more and packagers are in a good position to offer these services.”
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