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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.”

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