BDS Mortgage Group has launched its Direct Club offering to brokers, which includes a 24-hour payment facility for procuration fees.
The firm’s Direct Club will allow brokers who submit cases via BDS access to 49 lenders as well as any exclusive or semi-exclusive products available through BDS.
This includes the five-year semi-exclusive residential fixed-rate product funded by Abbey for Intermediaries, which was announced last week.
Brokers will also be able to request the procuration fee to be paid directly into their bank account within 24 hours of the completion notification.
Bob Hope, sales and marketing director at BDS Mortgage Group, says that although business volumes are falling, brokers will benefit from the offering due to direct business remaining relatively healthy.
“Our new Direct Club opens up a huge income earning opportunity for brokers with access to more lenders and products than ever before,” he says.
“In addition to this, receiving payment within 24 hours of completion – guaranteed – is a valuable asset, especially during the current financial climate, that helps give us the edge over many of our competitors.”IFAonline
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