Mortgage broker diversifies to combat market

As industry experts begin to cast doubts on the assumed recovery in 2010, one brokerage has decided to use the downturn in the property market as a reason to diversify its offering.

Wanstead-based brokerage Marilyn Stein & Associates, has started to offer its own in-house Tax Negotiation Consultancy to brokers and advisers.

The group says it has identified a gap in the market for this service, adding that it can also offer an additional income stream to brokers, during the current challenging climate.

The brokerage’s tax team includes accountants and former Inland Revenue Staff and are committed to working hand in hand enlisting debt management advice to help clients settle their tax troubles.

Director Marilyn Stein commented: “Many clients have an accountant who does not offer this service; we can help sole traders, partners and limited companies who have any kind of outstanding tax liabilities. However bad the circumstances are, we do our very best to help and can take clients and introducers all over the country.”

Stein continued: “Although we have been brokers for many years, we are not looking for mortgage business, or to cross sell in any way. There are so many clients who have outstanding tax bills and just do not know how to deal with them, which is why we’ve decided to offer our services and try and help out.”