Brokers using packager Solent Mortgage Services (SMS) will now be able to access Southern Pacific Mortgage Limited’s (SPML) product range through a new branded lender, Admiral Homeloans.
Admiral is the fifth correspondent lender to be launched by the packager since 2001. Ian Balfour, sales and marketing director at SMS, said: ‘SMS has been operating in the branded lending market for two years and it seems natural that our next agreement is with a well respected and valued non-conforming lender. SPML fitted the bill perfectly.’
Brokers using Admiral will be able to access the SPML range and utilise SMS’ packaging facilities.
John Prust, sales and marketing director at SPML, said: ‘SPML is delighted to see the launch of Admiral Homeloans in association with SMS. As a non-conforming lender committed to the packaging market we view this development as a positive move to re-enforce our market position.’
l SPML has also revamped its website to include downloadable product grids, information leaflets and marketing literature for brokers. It will also allow advisers to print a quotation illustration from the existing APR calculator. Other new features in the pipeline include online agreements in principle for second charge loans from Southern Pacific Personal Loans (SPPL), plus case tracking and downloadable product information on the SPPL product.