Products are aimed at the near prime to medium adverse market with a maximum LTV of 50%. Variable rates start at 7.50% based on Melton Mowbray’s current standard cariable rate (SVR)of 6%.

Ian Balfour, ceo of SMS, commented, “These products, which are detailed on the SMS website and on The Porthole, will go some way to showing the market that the intermediary channel really is alive and kicking.”