SPML take on the Next Generation

"It is important to add value to our intermediaries business and we have accomplished this by supplying free conveyancing on remortgage products up to 95 per cent loan-to-value with rates starting as low as 5.95 per cent," said Terry Markham, Operations Director at NGM.

"The product has been designed to give our introducing intermediaries the edge over their competition by reducing "up front" costs for their clients.

"Our research has demonstrated that intermediaries see the benefit in free conveyancing for their non-standard clients, as quite often the overall costs in setting up a sub-prime remortgage are seen as a negative in the sales process.

"The other benefits this exclusive offer will give to intermediaries are much faster completion times and therefore improved cash-flow by means of procuration fees being paid earlier."

"When you link this product to our unique web site, which will give all intermediaries the benefit of true on-line applications, the turn around times in application to completion will be one of which has yet to be seen in the mortgage market."

John Prust, sales and marketing director at SPML, said: "This exclusive deal will be seen as a market leader amongst the sub-prime community. Marrying our market leading products with the ability for the broker to reduce their clients costs can only be seen as a positive move."