Ian Balfour, chief executive officer of SMS, said:“Precise Mortgages is one of the few success stories to come out of the industry over the last two years and we are very pleased to be able to bolster our already comprehensive offering to introducers.
“The recent launch of a near prime residential range demonstrates a clear understanding of what the market needs. I know our introducers will be pleased to have the added value of a lender like Precise Mortgages on the panel.”
Roger Morris, head of sales at Precise Mortgages, said: “SMS have a great track record when it comes to supporting intermediaries and lenders. We see the new relationship as a very positive move to enhance our ability to reach more brokers through the efforts of SMS and their very knowledgeable team.”
