BDS Mortgage Group has teamed up with Guardian Debt Management to offer credit management solutions to its appointed representatives (ARs).
Northern Rock is planning to double staff numbers at its debt management department, suggesting the nationalised bank is expecting repossessions and arrears to increase.
Sub-prime mortgages are still providing business opportunities for UK brokers despite major problems in the US market over the past year, according to BDS Mortgage Group.
Almost half of mortgage intermediaries believe they have a role to play in helping borrowers that are struggling with arrears and possessions, according to the Intermediary Mortgage Lenders Association (IMLA).
Brokers should ensure they inform their customers of the options available to them if they are suffering difficulties with mortgage repayments, according to Mortgage Next.
Mortgage Next has launched a debt management facility which appointed representatives of its network and directly authorised brokers can promote as additional services.