Sesame Network advisers using TrigoldCrystal’s Prospector system now have access to an exclusive debt consolidation tool that provides brokers with a simple and effective way of demonstrating to clients the benefits of consolidating debts by remortgaging.
The debt consolidation calculator can be launched from the source results screen and all brokers need to do is enter both the loan amount and identify what portion of debt is being consolidated. The calculator then allows brokers to enter each item of debt that the client would like to consolidate. All of these are taken into consideration and applied to the mortgage source results where brokers will be able to see the monthly payments and potential saving for each product.
Once a product has been selected, the user is provided with a product summary which includes a payment schedule, which shows figures over the next twelve months and the full term of the mortgage should the client choose to consolidate their debts or not. This helps brokers show clients the potential savings over the short, medium and long-term.
David Aylmer, marketing director at TrigoldCrystal said: “The issue of managing debt is sadly becoming more important; brokers have such a vital role to plan in helping clients understand the options that are available to them and the potential savings that can be made. Sesame understands that there is a very real chance that many of their former clients will be experiencing some challenges with their debt and contact from their adviser may be very well received.”
