The Mortgage Operation's (TMO) brokers will benefit from a partnership between the firm and the Debt Advice Portal announced today.
TMO brokers will be able to refer indebted clients to the Debt Advice Portal and their case will be reviewed by a professional insolvency practitioner, who will make the most appropriate recommendations based on a client’s circumstances.
Nick Du Boulay, from Debt Advice Portal, claims that the system will save time for brokers and reduce the number of failed applications.
He says: “A significant proportion of mortgage applications fail due to debts and lack of housing equity. We aim to give TMO’s brokers an expert solution for their clients.”
Brokers will retain a link with their client at all times and will be contacted when a customer need to remortgage, allowing intermediaries to maintain their client relationship.
Commenting on the partnership, Jonathan Haynes, director of TMO, says: “By offering this service we are enabling our brokers to work with their clients and help them to manage their debt. Anything we can do to help our brokers retain their clients, and that is in the customers’ best interests, has to be a positive move.”
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