LMS Home Loans already offers branded lending with Platform Home Loans and Mortgages plc, and the tie up with SPML completes LMS’s planned branded lending portfolio for 2003/04.
LMS Homeloans director, Andy Linnett, said: “The branded lending agreement with SPML underpins the growing strength of the LMS Homeloans brand, which is already recognised by our introducers as the top brand for fast, efficient and effective service. SPML’s underwriters will work alongside those from Platform and Mortgages plc, providing a fast and seamless service for our introducers and their clients. From this latest branded lending announcement, we believe that brokers will get a strong message about the confidence that top lenders have in our strengths as a well-run packager and branded lender, with the potential to grow business volumes substantially.”
John Prust, sales and marketing director of SPML said “We have a well established working relationship with LMS as a packager and are very happy to extend this branded lending facility to LMS Homeloans. We are confident that the branded lending partnership will deliver real business benefits to all parties, and provide an even better service for mortgage introducers.”
