SMS welcomes new lenders

Solent Mortgage Services believes the recent spate of lenders launching is a sign of the underlying strength of the mortgage market and should be welcomed.

Kelvin Cooper, managing director of SMS, says: “In some quarters, there has been negative comment about the emergence of new lenders at a time when the mortgage market is less than buoyant. This is nonsense. A dynamic market depends on evolution and the arrival of new lenders is to be welcomed. It will lead to greater competition which means better and cheaper products. “