KGB Packaging has announced the launch of its sub-prime helpline for brokers.
The line will offer information and suggestions to brokers that have difficulty in placing their sub-prime cases.
The KGB sub-prime helpline is headed up by Magnus Duke, director at KGB, and has been developed from KGBs existing proposition that caters for introducers that are not authorised to advise on mortgages, as well as directly authorised brokers who require extra support with sub-prime deals.
Duke says: Brokers that are inexperienced in the sub prime sector can waste a lot of time going down routes that fail.
“With the recent round of base rate rises, we are bound to see a rise in customers who have slipped out of prime status, by possibly missing a mortgage payment or having had CCJs issued against them.
Brokers cannot afford to turn this business away, and KGBs sub-prime help line offers them a way to retain the client and earn commission.