RPS chief executive, Peter Beaumont, said: “I’ve known Nick Baxter and Mortgage Promotions for many years and know they are both highly regarded by intermediaries. I’m delighted that RPS has been appointed to provide Mortgage Promotions’ members with a practical, ethical and safe way to help clients avoid repossession. We’re looking forward to working closely with Mortgage Promotions over the coming months.”
Nick Baxter, managing director of Mortgage Promotions, said: “It’s good to see that, at long last, an ethical sale and rent back provider has entered the market. RPS has developed an innovative solution to the age old problem of homeowners facing imminent repossession and it’s great to have teamed-up with RPS to make its service available via Mortgage Promotions.”
Brokers can easily refer clients to RPS by submitting a decision in principle form which is available on: www.therpsgroup.co.uk. If brokers are acting as ‘introducers only’ they do not need any special regulatory permission from the FSA and will receive a fee of 0.4% on each completed transaction.
