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BDS doubles size of appointed rep network

BDS Mortgages has doubled the size of its appointed representative network in the past month, with the promise of further additions over the course of the year.

The mortgage intermed- iary has seen its membership rise from 25 to 51, which the firm attributes to the influence of network manager Bob Hope who, since joining BDS in November, has been promoting the network to intermediaries.

BDS predicts that doub- ling its base will lead to an increase of 25 per cent in packaged business over the first quarter of 2006.

Managing director Phil Jay says: “The feedback that we are receiving indicates that appointed representatives are unhappy with the support provided by their existing networks and are looking for a more complete proposition. It is also crucial within a regulatory environment that ARs know that their network is both a trusted and established business and has an unequalled focus on compliance.

“I am delighted that Bob has had such an immediate and positive influence on the business and we look forward to welcoming even more ARs to our network over the coming months.”

Hope adds: “This increase in the network has been great for BDS and we have a fantastic group of brokers who are keen to move forward. The support offered by the compliance team is proving a central theme in this growth.”

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