TMA members will now have access to a range of services, such as debt management plans, full and final settlements, protected trust deeds and Individual Voluntary Arrangements.
Newtomorrow Broker Services will provide TMA members with an online submission process, instant decisions-in-principle and free client advice.
Members will also have access to a dedicated intermediary support team as well as marketing and business development support. Competitive commission payments will be made for successful referrals.
Phil Whitehouse, head of TMA, says: “It is a sadly indicative of the current economic climate that more and more people are having problems with their finances and loan commitments.
“Combining this with a shrinking mortgage market means that an increasing number of intermediaries are looking at various ways to help their clients through these troubled times. Forward thinking brokers have not discounted the debt solutions sector and are starting to embrace the opportunities available.
“The sector is working hard to raise its reputation amongst brokers and consumers and we believe that Newtomorrow Broker Services are a firm that upholds all that is good in this particular market. Choice and diversity remain crucial elements to success and by giving members access to the strong propositions across various sectors we will continue to expand our offering with key players in their respective markets.”
Brian Ferguson, sales director for Newtomorrow Broker Services, adds: “We are delighted to partner with TMA and to be able to provide their members with the opportunity to assist their clients at a time when they are most vulnerable. I think there is a lot of confusion amongst intermediaries at the moment when deciding which debt solutions company they can trust their clients with. Newtomorrow Broker Services are pleased to be chosen as TMA’s preferred supplier of debt solutions”