Gerry O’Brien, chief executive of Home of Choice, said SRB has gained credibility as a practical solution to a very real problem and provides a natural extension to Home of Choice’s debt management service.

He added: “As the effects of the recession begin to bite, RPS has the expertise to provide this specialist advice, and the funding lines to deliver. We have agreed a high standard of service and communication for ARs as well as a specialist and ethical solution for their clients to ensure brokers are treated respectfully while customers are treated fairly.”

Peter Beaumont, chief executive of RPS, said: “We will provide their ARs with a practical, ethical and safe solution enabling them to help clients who are facing potential repossession or who need to raise capital quickly.”