The distributor’s chief executive Ian Balfour said the Aldermore had launched its proposition in the middle of the worst industry conditions for 30 years.
He said: “Their determination to provide alternative financing opportunities to the intermediary market deserves the thanks of the whole broking community.”
Aldermore managing director Charles Haresnape said SMS had a reputation of providing the best of the lending market to intermediaries: “We look forward to working with them and their introducers, particularly now as the market is showing signs of sustained growth.”