The Exchange Bond is a financial guarantee that helps to facilitate property purchases and is therefore a useful additional tool for mortgage brokers to include within their sales strategy. By allowing clients to hold onto the cash lump sum usually required at exchange of contracts, the Exchange Bond can create financial flexibility and opportunities to earn further investment instead of tying up funds in a deposit.
John Smith, sales and marketing director at GHL Group, said: Our aim is to ensure that our distribution not only has access to a wide and appropriate choice of mortgages for their clients, but also that they have extra tools to hand that may give them competitive edge and add real value to their service.
Keeping abreast of this new opportunity in our market and positioning the product in the right manner will undoubtedly lead to more business and I believe the Exchange Bond will be an important addition to our intermediaries. It is a truly innovative financial product and it is also incredibly simple to use. We are confident that our members will be as impressed with it as we have been.
