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Solent adds Salt to panel

Solent Mortgage Services has added new lender Salt to its lending panel.

Salt is the Derbyshire Building Societys specialist lending brand specialising in sub-prime and self-cert products, catering for the ever-widening spectrum of borrowers needs. In all four sectors (near prime, light adverse, medium adverse and heavy adverse), four products will be available as a two-year fixed rate, three-year fixed rate, two-year tracker and a three-year tracker.

Tony Capon, head of sales at Salt. Says: “We are very pleased to be launching through SMS based on its quality of service, speed of turn around and market know-how. The brand proposition has been fully based upon extensive research with brokers and the wider intermediary marketplace. Salts main aim will be to offer innovative, straightforward, no-nonsense products with no hidden complications.”

Ian Balfour, sales and marketing director at SMS, says: “We are looking forward to working closely with Salt. With their background, they have a proven track record in the intermediary market already, based on their prime offerings. I have no doubt that their move into the non conforming market will be just as successful.”


Packagers purchased by lenders could be at risk

Packagers bought by lenders are putting their businesses at risk and could face a quick death with their existing lending panel, a leading industry figure has warned. Last week, Mortgage Strategy reported rumours that Morgan Stanley is looking to buy Advantage Home Loans. But one leading industry source is warning that although the vast majority […]

Poor service is hitting brokers’ wallets, says GMAC-RFC

Research from GMAC-RFC reveals that poor service and uncertain Decisions in Principles are hitting brokers where it hurts, in their wallet. Research from GMAC-RFC shows that two hours of wasted administration time on just ten cases per month could cost a broker 14,000 a year assuming a brokers time is worth 60 per hour.There have […]

MPLC warns brokers over cascade underwriting

Mortgages PLC is warning brokers to treat cascade underwriting with caution, before recommending an alternative product from the same lender to a client.Peter Beaumont, sales & marketing director at MPLC, says: Cascade underwriting works to the benefit of lenders, but not necessarily borrowers or brokers. There may well be more suitable products available from other […]

TMB launches 2006 calendar at Mortgage Expo

The Mortgage Business, HBOS’ specialist and packager focused lender, launches its new calendar for 2006 today at the Mortgage Expo. The theme for this year is ‘The Great Masters’.The characters in the calendar are re-enacted by TMB staff, with past themes for the calendar including sports, cartoons on the mortgage code, music and 2005’s theme, […]


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