BDS REPORT RECORD SATELLITE PARTNERS AND NETWORK APPLICATIONS

BDS REPORT RECORD SATELLITE PARTNERS AND NETWORK APPLICATIONS



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BDS report that in the last six months, they have averaged 5 applications per month from brokers seeking satellite partnership arrangements and a notable influx of applications from potential sellers for their Network.  
 
Earlier this year BDS unveiled its new innovative trio of satellite partnership arrangements with great success. The progressive three tier strategy ranges from a simple SatelLITE partnership to the new SatellitEITE partnership through to a SatellitELITE PLUS offering. The range enables firms to evolve their businesses through BDS thanks to the robust support network and extensive business enhancements available as integral components of each partnership level.
 
The advanced levels have been developed to suit the needs of the more established packager and in return BDS offer an exclusive collection of business services and enhanced commission opportunities amongst other major benefits. In addition to the lenders who accept satellite business, partners can access all additional lenders on the BDS packaged and direct panels (on a non-satellite basis).
 
With ambitious growth plans for the Network, this year BDS has picked up 65% of new AR’s from other networks with the remainder being direct authorised. In a recent survey, new AR’s stated the competitive procuration fees and business support as key factors in their decision to apply to join along with personal recommendation.
 
Currently BDS has 26 applications awaiting approval from potential AR’s and is confident that the launch of their Winners in Business event in a couple of weeks time, along with structured support and training is key to ensuring that the Network continues to grow at a rate of knots.
 
Phil Jay, Managing Director BDS Mortgage Group comments:
“At BDS we understand that businesses have different needs in terms of distribution and these figures show that we remain a strong player in many areas. The satellite partnership propositions are engaging on many levels and many smaller packagers, who have recently lost direct lender relationships, can evolve organically by making the most of the plethora of benefits BDS has managed to negotiate through the strength of their brand.
As a Network BDS are focussed on developing relationships with partners who can offer business and income opportunities and are not simply another notch on the bedpost. Our strong financial backing gives brokers the security they need in this uncertain climate and our extensive and diverse direct club panel gives them a real competitive chance against the high street.
We are all feeling the pinch but the broker market is far from dying out, it’s more a case of the grabbing all opportunities available and for BDS it’s ensuring that the broker services we offer provide these opportunities and more.”

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