SSM to expand distribution

Scarborough Specialist Mortgages is planning to make its new sub-prime products available to all brokers and not just packagers and key account brokers, ahead of schedule. The product range offers rates ranging from 5.29% on prime loans to 6.49% on adverse buy-to-let mortgages.

Tony Burdin, head of group marketing at Scarborough, says: “The extensive market research we carried out in the run-up to the launch of SSM was telling us we’d got the formula right. The packager associations and key account partners who have been on board with us since launch have been supportive and are putting a good level of business our way in what are still early days.”