Solent Mortgage Services (SMS) is to offer new lifetime tracker products from Bank of China.

Residential tracker rates are now being offered at 2.3% over bank base rate at 2.8%, with commercial and buy-to-let at 3.5% over bank base rate at 4.00%.

SMS says that arrangement and valuation fees have been reduced.

SMS’s CEO, Ian Balfour, said: “This is great news for intermediaries to start the New Year. Bank of China is to be congratulated for releasing these really positive product developments designed exclusively for the broker market. They have listened to the feedback from their introducers and as a result