The extension of Equity Finance, Select's sister company, is designed to cater for the ever-increasing public requirement for Individual Voluntary Arrangements (IVAs).
The Select Partnership has provided a mortgage service through its brokerage for insolvency practitioners since 1999 and it was felt a move into the IVA market would be a natural progression in their activities by servicing this sector at inception.
In addition to the IVA packaging facility, The Select Partnership has exclusive access to IVA products unique in the market place, underwritten by db Mortgages and specifically designed to accommodate mortgage needs for the IVA market. These products can only be accessed through The Select Partnership.
Andy Goodfellow, director of Equity Debt Solutions, remarked: “This is a wonderful opportunity for brokers to rescue mortgage cases they would have turned away, earn a procuration fee they would have lost augmented by a further £500 introducer fee.”
