The partnership means Individual Voluntary Arrangements (IVAs) and Debt Management Plans can be accessed by GHL’s network members.
ClearDebt provides introducers with the confidence their clients get appropriate advice and that they will always be returned to the originating broker. The firm's case conversion rate also maximises the opportunity for intermediaries to gain additional income when debt resolution is the right recommendation for their client.
GHL Group sales & marketing director, John Smith, said: “Nearly everyone in this industry has been affected by the so-called ‘credit crunch’. We have responded by adding additional lenders to our panel and by looking at ways to diversify our offering. I am sure that this extra tool to hand will give our members a competitive edge and add real value to their overall service.”
Cleardebt chief executive, David Mond, added: “We are delighted to be partnering with GHL Group at a time when more and more mortgage brokers need to be able to offer a debt resolution solution to re-mortgagers.
"Through ClearDebt, GHL members will be able to meet TCF requirements and to benefit substantially from successful referrals, as well as ensure they get any further remortgage business from the client – which is highly likely if an IVA is arranged.
"ClearDebt believes the shock of remortgaging, plus the impact of several months of higher interest rates, will mean debt resolution will need to be part of a broker’s client retention strategy for some time to come.”
