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BDS moves into equity release

BDS Mortgage Group is moving into equity release to cater for its appointed representatives that are looking to branch out into the sector.

In a recent survey amongst BDS network members, over 35% of respondents
anticipated moving into this area in 2009 and this confirms the research
from Key Retirement Solutions who reported an increase in sales of these
schemes in 2008.

BDS is hosting the first equity release network training session in March and anticipates authorising around ten brokers with immediate effect.

Phil Jay, managing director of BDS, says: “Adding an equity release
opportunity to our proposition means we can cater for those appointed
representatives who are itching to move into this area.

“This is not something we expect or anticipate everyone to consider as there are additional compliance checks, costs and restrictions; however for those willing to put in the time with qualifications etc. we want to support them and help them make it a success.”


Surveyor transaction figures remain stable

The Royal Institution of Chartered Surveyors has revealed that in the past three months the average number of transactions per surveyor showed little change despite buyer interest rising for the third successive month.

England faces one million housing shortage by 2010

The former chief executive of Barratt Developments has warned that England faces a housing shortage of one million homes by 2010.David Pretty, chairman of the New Homes Marketing Board, claims that the housing shortfall is headed for “dangerously high” levels.He says: “The reality is that we are forming households at the rate of around 230,000 […]


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