Solent Mortgage Services (SMS) has expanded its panel with the addition of MBS Lending Ltd, the intermediary arm of the Melton Mowbray Building Society.
Products are aimed at the near prime to medium adverse market with a maximum LTV of 50%. Variable rates start at 7.50% based on Melton Mowbray’s current SVR of 6% and will suit cases from clients with past arrears, CCJs and discharged bankruptcy.
Ian Balfour, CEO of SMS, said: “We are delighted to be in partnership with the Melton and be able to offer products which address the needs of intermediaries with clients who have had a struggle in the past but are able to service a new mortgage successfully. These products