To mark the relationship, the two have launched a two-year fixed range with rates starting at 5.29% for near prime plus.
The new product range covers seven categories from near prime plus through to unlimited adverse, and includes refund of valuation, self-cert up to 90% and up to 5% vendor and builder deposits accepted.
A new Right to Buy range and optional free legals package is also available.
Ian Balfour, sales and marketing director at SMS, says, “Advantage has a clear understanding of the packaging market and this is clearly demonstrated by its new product range and the exclusive product SMS is marketing.
“We are sure that intermediaries will react very positively to the new products, which are extremely competitive.”
Jeremy Duncombe, business development director for Advantage, adds: “Solent Mortgage Services is one of the most respected packagers in the UK and we are delighted to be launching this exclusive with it.
“The product demonstrates Advantage’s desire to work closely with packagers and large distributors to deliver innovative products and service.”