Solent Mortgage Services (SMS) has claimed it was the largest business producer for Bank of China last year.

Ian Balfour, CEO of SMS, said: “Bank of China is set to become a first option for the intermediary in residential and buy-to-let lending in the UK and its latest product changes demonstrate that it is keen to expand its lending in 2011.The most significant change is a reduction to the residential rate down to 1.8% plus BBR on its lifetime tracker with an ERC of 1% in the first year only.