Product category:
Mortgages / Housing
News Release from: Exchange Insurance Company | Subject: Exchange Bond
Edited by the Insidemoneytalk Editorial
Team on 29 November 2007
GHL group joins the Exchange Bond
revolution
GHL Group - one of the UK's premier mortgage distribution companies - will become the first mortgage network to offer its members the Exchange Bond,
an alternative to the traditional cash deposit for clients to consider when securing a property The Exchange Bond is an innovative financial guarantee that helps to facilitate property purchases and is therefore a useful additional tool for mortgage brokers to include within their sales strategy
This article was originally published on Insidemoneytalk on 22 Feb 2007 at 8.00am (UK)
Related stories
George Wimpey joins the Exchange Bond revolution
The Exchange Bond, the innovative financial product that frees property buyers from raising a cash deposit, is now being offered to purchasers on selected new homes built by George Wimpey.
Exchange Bond boosts sales for Crosby Lend Lease
The Exchange Bond, a pioneering financial product that frees buyers from raising a cash deposit to secure a property, has doubled sales at Crosby Lend Lease's Vallea Court development in Manchester.
By allowing clients to hold onto the cash lump sum usually required at exchange of contracts, the Exchange Bond creates financial flexibility and opportunities to earn further investment instead of tying up funds in a deposit.
This value added provides brokers with a competitive edge helping them to attract more potential clients, particularly those keen to invest and expand property portfolios.Known for its pioneering approach, GHL Group has launched a new function on its website (www.ghl-live.co.uk), facilitating the Exchange Bond application process and therefore putting this tool at their members' disposal.John Smith, Sales and Marketing Director at GHL Group, comments: "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.
Further reading
Exchange Insurance company creates new position for growing overseas market
The Exchange Insurance Company (ExCo) has appointed Lucas Zachara as Head of Overseas Business Development to drive forward sales of the Overseas Exchange Bond.
The Exchange Bond - now developing overseas
Exchange Insurance (ExCo) announces today, 19 September 2007 that it is extending its popular financial product - the Exchange Bond - to property developments overseas.
Gladedale launches Exchange Bond in bid to break deposit deadlock in south property market
Gladedale Home Counties is helping first-time buyers get a foot onto the property ladder with the launch of the Exchange Bondandreg; at its developments across the South of England.
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."Developed by the City of London-based Exchange Insurance Company (ExCo), a specialist European general insurer authorised and regulated by the Financial Services Authority, the Exchange Bond is a cost-effective and safe alternative to using cash for the exchange.
Frank Speight, ExCo's Sales and Marketing Director, explains: "The Exchange Bond is designed to allow homebuyers financial flexibility.
For a small premium, an Exchange Bond can be used instead of a 10 per cent deposit to secure a property.
This allows the purchaser to invest funds elsewhere to generate further interest between exchange and completion or, alternatively, it can allow time for raising the funds necessary to pay the full agreed price for the property which is required on completion." Leonie Moffatt, ExCo's Senior Executive Business Development, Intermediary Channel, adds: "GHL Group is not only one of the top five networks in the UK but also one that has its finger on the pulse in terms of new products and services.
We are not surprised, therefore, that they are the first network to sign up to the Exchange Bond and are delighted to welcome them on board." For further information on GHL Group, please contact: John Smith, Sales and Marketing Director.
Tel: 01622 358007 / 07976 911168.
Email: john.smith@ghlgroup.co.uk.
For further information on the Exchange Bond, please visit: www.exchangebond.com or contact Leonie Moffatt, Senior Executive Business Development, Intermediary Channel, on 020 7256 3975.
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