Shared ownership deal welcomed

Solent Mortgage Services says its had a positive response from brokers to its shared ownership product through Trafalgar Homeloans, SMS\'s partnership with Preferred.

The product, which allows up to 100% LTV borrowing if the client’s share is between 50% and 75%, is available for purchase and remortgage at 2.95% over LIBOR with a 1% discount for the first 12 months.