Ian Balfour, SMSs sales & marketing director said: "The new products are a consequence of feedback from brokers and address many areas which they had flagged. For example, extended income multiples are now standard across the whole range. There are no valuation, administration or completion fees up to 95 per cent on light adverse and fixed rates carry no early redemption overhang and near prime products now allow up to £750 of CCJs. The new products represent real customer value.”
John Webster, managing director of Preferred Mortgages, said: “Our branded lending partnership with SMS continues to reap rewards. The product enhancements are a direct consequence of the close working relationship which exists between SMS, Preferred Mortgages. Brokers are really benefiting as a result of this collaboration.”
