Solent Mortgage Services, the national branded mortgage arranger, has reported great interest from mortgage brokers in its shared ownership product through Trafalgar Homeloans, SMSs partnership with Preferred.
The product, which allows up to 100% borrowing if the clients share is between 50% and 75%, is available for purchase and remortgage, both full status and self-cert at 2.95% over London Interbank Offered Rate with a 1% discount for the first 12 months.
Paul Robinson, chief executive at SMS, says: “The product was launched at the Mortgage Business Expo and proved to be the hit of the show with brokers.
“It provides greater borrowing flexibility for clients at a keen price and in both self-cert and full status guises.
“The key to the string of good products we have had for Trafalgar has been the feedback from our brokers and the support we have received from Preferred.”