This appointment provides an additional platform by which Advantage can distribute Flexishare, the innovative shared appreciation mortgage solution and ADV, its competitive non-conforming product range. Being part of Morgan Stanley gives Advantage the resources and expertise to create products that meet the changing needs of mortgage intermediaries and their clients.
Keith Dearling, managing director at Advantage, said: “As a new lender this is a very important distribution agreement for Advantage, particularly as PMS is one of the largest UK mortgage distributors. It is important that our products are accessible to all the market place and this appointment ensures that a large proportion of directly authorised brokers will be able to access our products through an established source.”
John Malone, managing director at PMS, said: “We are delighted to have appointed Advantage onto the PMS panel. When selecting a new lender for our extensive panel it is important to identify product innovation and system developments that will enhance our proposition in the directly authorised market place. We see Advantage as a lender that will exceed this requirement and are confident that they will provide this for our membership.”
