BDS expands proposition

Despite recent market concerns BDS is proving its commitment and growth plans by offering three new broker service offerings.

It has teamed up Cheval to create BDS Bridging to offer a specialist bridging service, mychoice Insurance for a straightforward, competitive household insurance scheme offering a quote engine with 10 providers, specifically aimed at the Direct Authorised market, and ClearDebt, a debt solution firm. For access to all these services brokers simply have to visit www.bdsmortgages.com and click 'services'.

Previously only available to the BDS network and their Appointed Representatives, mychoice Insurance now offered via BDS aims to generate a new income stream to the Direct Authorised market. It assists with the necessary compliance documentation and, through its wide insurer panel, show customers evidence of comparative quotations in line with the FSA’s ‘Treating Customers Fairly’ guidelines.

ClearDebt’s objective is to provide a high quality, lower cost service for individuals who find themselves unable to repay their debts in full. It does this through using sophisticated computer systems and web-based marketing.

Phil Jay, managing director at BDS, commented: “Diversification is the key differentiator between surviving and prospering in the current financial climate.

"Despite current industry conditions we are continuing to grow in both staff and services and our aim is to continue this growth by offering the widest variety of quality services that we can.

"In order to flourish in these turbulent times brokers need to look at new income streams and we believe the addition of these three services will bring added value to any firm’s proposition”