Richmond Group offers brokers new income streams

The Ricmond Group, traditionally an unsecured lender, is expanding its offering to brokers to include its Payment Guard & Debt Line brands.

Nick Fletcher, a BDM at the Richmond Group, says: “We would like to offer secured loan brokers another income stream for referring clients to Debt Line which is our debt management company that can help clients with debt of £1.500 or more and Payment Guard which is a income protection policy underwritten by AXA.

“We have seen an upturn in business with these brands and have the capacity to handle allot more volume.

“We are still interested in talking to brokers re our unsecured guarantor product as well where there is a healthy 10% proc fee on completion.”