A division of GMAC-RFC, HSHL is a sub prime lender offering a Fixed Rate range and a LIBOR linked discount range. These products all meet adverse circumstances from Near Prime to Heavy Adverse.
SMS is following its core strategy of broadening the choice available to its introducing intermediaries and according to its sales & marketing director, Ian Balfour, in the current climate intermediaries are going to need a third party like SMS who can be totally independent but provide up to the minute information and instant access to the best lending solutions.
Balfour said: “The current crisis has highlighted the need for intermediaries to look for accurate information on the lending market and the widest choice for their clients under one roof.
“At SMS we are set up to make sure that the service for intermediaries will help to meet the challenge of today’s difficult marketplace.
“We are thrilled to add High Street Home Loans to the SMS lender panel and their advantages will become obvious as introducers will see from their criteria and attitude to lending.”
Criteria include:
- Underwriting on a whole of case basis
- 50% of offers either same or next day
- Self certification to 90%
- Subprime to subprime remortgages with no loading
- FTBs with no loading
- Unusual property types include flats above commercial premises
