Based in Reigate, Surrey, the Homesdale is a mutual building society founded in 1855. Currently, it has around 7,000 members, and specialises in niche mortgages for borrowers whose “circumstances don’t fit the criteria of the mainstream lenders.”
Jane Benjamin, head of relationship management at PMS, said: “We’re very pleased to welcome another small mutual building society to our comprehensive lender panel, offering out PMS members access to the Homesdale’s competitive range of residential purchase and remortgage products.”
The announcement is the latest in a series of additions to the PMS lender panel. In December 2016, Bluestone Mortgages joined the PMS network. Vida Homeloans expanded its distribution to include PMS Mortgage Club members in April this year. Meanwhlie, the Hanley Economic Building Society was added to the PMS lender panel in May.
“The Homesdale caters for a wide range of residential customer needs and building types,” Benjamin continued, “with their flexible approach to mortgage lending, and each case assessed on its own merits and handled by its own dedicated underwriter, they offer features that many of our members look for.”
Commenting on the announcement, Stewart Hunter, business development manager at the Homesdale, said: “The society is expanding the lending proposition both in geographical and sector terms. Joining PMS, an established and respected mortgage club within the UK, is an important part of this strategy.”