GHL members can now access the scheme which offers an alternative to the traditional cash deposit for clients when securing a property.
The Exchange Bond is a financial guarantee that helps to facilitate property purchases and is therefore a useful additional tool for mortgage brokers to include within their sales strategy.
By allowing clients to hold onto the cash lump sum usually required at exchange of contracts, the Exchange Bond creates financial flexibility and opportunities to earn further investment instead of tying up funds in a deposit.
This value added provides brokers with a competitive edge helping them to attract more potential clients, particularly those keen to invest and expand property portfolios.
Brokers can access the FSA regulated tool from GHL's website.
John Smith, sales & marketing director at GHL Group, said the aim of the partnership was to ensure its members had access to a wide and appropriate choice of mortgages and tools
"Keeping abreast of this new opportunity in our market and positioning the product in the right manner will undoubtedly lead to more business and I believe the Exchange Bond will be an important addition to our intermediaries.
"It is a truly innovative financial product and it is also incredibly simple to use. We are confident that our members will be as impressed with it as we have been.”
