Product Refresh

TMB will be launching a selection of products on Wednesday 7th May 2008.

To prepare for this launch, the products listed below will be removed at

 midnight on Tuesday 6th May 2008.

Criteria Refresh

In addition to this, with effect from Wednesday 7th May 2008, the maximum LTV on

Buy to Let new build flats and apartments including newly converted

(within 12 months of application) and previously unoccupied flats is 75%.

IMPORTANT INFORMATION

To take advantage of these rates please forward a FULL CASE/APPLICATION

by close of business on Tuesday 6th May 2008.

Please ensure you submit a full application, which must include property details,

ensuring you have confirmed that a KFI has been given to the applicant(s).

TMB will honour fully packaged Cases/Applications (including valuation) on

the previous criteria by Tuesday 20th May 2008, (Friday 16th May 2008 if you submit

through your local Regional SMS Office) on Buy to Let new build flats and

apartments, subject to a secured and valid AIP being received by TMB

 by close of business Thursday 6th May 2008.

If you have any queries regarding this product withdrawal notification

please call your local regional SMS Office.

Solent Homeloans in association with mortgages plc has suspended lending due to the continued dislocation in the mortgage markets.  However they will continue to maintain their servicing operations.

All pipeline business will be honoured.

Submission cut off dates are detailed below:

If you have any queries regarding this product notification please call your local regional SMS Office.

Please take note of the announcement below, taken from the Kensington Mortgages Website.

As soon as SMS Marketing know anything more we will communicate this.

Latest News

2 May 2008

 Due to current market volatility, we’ve taken the decision to defer our May product range release and will

announce the revised launch date shortly.

BM Solutions will be launching a selection of products on Wednesday 7th May 2008.

To prepare for this launch, the products listed below will be removed at

midnight on Tuesday 6th May 2008.

In addition to this, with effect from Wednesday 7th May 2008, the maximum LTV on Buy to Let

new build flats and apartments including newly converted (within 12 months of application)

and previously unoccupied flats is 75% LTV.

Products to be withdrawn:

 Buy To Let

Self Cert

Sub-Prime

Please ensure any cases/applications for these products are submitted in full

by the above deadline.

If you have any queries regarding this product withdrawal notification

please call your local regional SMS Office.

Withdrawn Product Guide Released on 

 17th April 08

Lenders Criteria Changes

 The maximum LTV on Buy to Let new build flats and apartments including newly converted

(within 12 months of application) and previously unoccupied flats is 75%.

   Please note that the New Product Guide

is available on the Porthole.

PROPERTIES ABROAD

In association with GE Money

INTERNATIONAL PURCHASES AND REMORTGAGES for

FRANCE and SPAIN

Withdrawn Product Guides Released on 

 2nd May 2008

Lenders Criteria Change

 The maximum LTV on Buy to Let new build flats and apartments including newly converted

(within 12 months of application) and previously unoccupied flats is 75% LTV.

Please note that the New Product Guides

are available via the Porthole

New Product Features 

• All products, including Buy-to-Let will be underwritten on an income verified basis. Prime Self-Cert is being temporarily withdrawn.
• LTV reduced from 80% to 70% on New Build Houses (regardless of location) for residential and Buy-to-Let business
• We will no longer accept applications on ex-pats

 Packaged Applications Deadline

All packaged applications dated up to Friday 9th May 08 must be received by SMS

by 5pm on Wednesday 11th June 08.

Whilst a SALT DIP is valid for 30 days it does not guarantee a particular product or rate.

 SALT will not accept applications for products they are withdrawing if they are:

• The DIP Dated after 5pm on Friday 9th May 08, or
• Received 'fully packaged' after 5pm on Wednesday 11th June 08 or
• Not included on pipeline report to be provided by SMS to SALT by 4pm on Monday 12th May 08.

Pipeline Cases
Marketing will be compiling a full list of pipeline cases that are currently with SMS on the

current terms by 4pm on Monday 12th May 08 so that SALT can record our applications.

Please email Marketing the cases which you have in your pipeline affected by this,

marketing@sms-uk.co.uk.

Products on old terms will not be accepted unless this pipeline is provided. 

Funds in respect of any cases in the pipeline that are cancelled cannot be transferred to an alternative property or applicant(s). 

Pipeline must be submitted with a Salt DIP / application number.  Any pipeline received without this will not be accepted.

For any further queries, please contact your Regional SMS Office.

Platform will be re-pricing their current product range with effect from close of business

Friday 9th May 2008.

New products will be available via the Porthole from Monday 12th May 2008.

Pipeline deadlines

Clickdecision and kfis
All current products will be withdrawn from their website and all sourcing systems at

close of business Friday 9th May 2008.

Packaged Cases / Applications
All fully packaged cases/applications must be received by Platform by

5pm Friday 9th May 2008.

Applications must have a clickdecision, be fully packaged and accompanied

by all items on the shopping list.

Offers
All existing pipeline cases must be offered by 5pm Friday 30th May 2008.

If you have any queries regarding the product re-price

please contact your regional SMS Office.

BBR Rate

Following the announcement by The Bank of England's Monetary Policy Committee (MPC),

the BBR Rate will be remaining the same at 5.00%