EuroDebt Partners With Leading Mortgage Packager to Offer Diversification for Letting Agents and Mortgage Brokers

March 2009

EuroDebt Financial Services, has partnered with specialist mortgage and loans packager, Complete

Leading Debt Management Company, EuroDebt Financial Services, has partnered with specialist mortgage and loans packager, Complete, to provide brokers and letting agents with an opportunity to diversify to maximise revenue streams.

The formal announcement of the partnership between EuroDebt and Complete follows a six month pilot when a number of key Complete brokers put the EuroDebt proposition to the test with selected clients. The success of the pilot means Complete is now launching the EuroDebt service to all its brokers.

The partnership sees EuroDebt offering debt management services across the mortgage broking markets as well as the letting community. With very limited re-financing options to ease financial pressures or consolidate debts, debt management can provide brokers with a more positive solution for clients. The partnership will also enable letting agents to retain clients who have been good payers but have fallen on hard times, with rent and any arrears being put on the priority list of creditors to be paid.

"We investigated a number of debt management services to enhance the diversification opportunities we can offer our introducers", Tristan Pile, Sales & Marketing Director, Complete confirmed. "However, what really appealed to us about EuroDebt was its personal and ethical approach to consumers facing financial difficulties. This endorses our own philosophy to provide a personal service.

"The strength of the EuroDebt national service was also important to us, offering our brokers access to debt advisors in their local area. This combined with the company's strong reputation and expertise in the market, sensitively handling clients facing difficult financial circumstances and simplicity of the referral process, made them an obvious choice for Complete.

Commenting on the partnership, Vance Parsons, Director, EuroDebt said: "We see this as a very positive move in the market as the full impact of the recession is really beginning to unfold. More and more clients who would generally be very astute with their finances are being forced into financially challenging situations where it is simply no longer possible to juggle priority debts. The relationship we have developed with Complete will offer support to clients of mortgage brokers as well as tenants and letting agents to pay priority debts and be paid".

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