GE Money Home Lending and SMS Strengthen Partnership

GE Money Home Lending, one of the UK’s leading specialist lenders, has agreed a minority equity stake in Solent Mortgage Services (SMS), one of the longest established packagers in the UK. The transaction, which completed this month, reinforces GE Money Home Lending’s commitment to the wider packager market in the UK.

Solent Mortgage Services (SMS) are one of leaders in the development of online solutions, as well as focusing on offering exceptional customer service to their brokers, networks and club affiliations.

This equity stake will help GE Money Home Lending to increase its awareness within this important market sector and is consistent with its approach to growing and diversifying the business.

Colin Shave, Chief Executive Officer of GE Money Home Lending, said: “We have always been very clear about our commitment to the packager community and are constantly trying to find new ways to increase our knowledge, understanding and capabilities in this market. This relationship with Solent will give us the ability to increase our understanding of the packager sector at a grass roots level, helping us to refine and develop our propositions and relationships across the packager market.”

Paul Robinson, Chief Executive Officer of Solent Mortgage Services commented: “The rapid evolution of the specialist mortgage sector is providing some fantastic growth opportunities. We remain totally committed to the role our company has always had in providing excellent support for all our customers. Our multi-distribution channel strategy will go from strength to strength.

“Our closer relationship with GE will help us execute better on the delivery of key improvements in working with all the major lenders in this sector and Europe. The association with GE will accelerate our development plans and help us gain access to European Markets.”