Smart Money adds bridging finance to its services to brokers

16 December 2014

Smart Money, the second charge specialist distributor, has announced that it will be adding full bridging support for intermediaries to its services from the New Year.

Smart Money, which has enjoyed its best year since it launched, has been running a pilot scheme with a limited panel of bridging providers.

According to Managing Director, Paul Crewe, the feedback from introducers has been very positive and the company has invested in ensuring that its bridging service is more than capable of offering the best alternatives to its introducing intermediaries for their clients.

He said, “We have concentrated on being a specialist in the second charge market since we launched. Our introducers have come to rely on us to provide the best alternatives for their clients’ needs. Increasingly, we have found that the lines are blurring between different forms of finance and being able to offer short term finance as an extra alternative service has already been of benefit to introducers.”

Paul Crewe added, “We are living through extraordinary times in the lending industry and 2015 will provide further challenges for lenders and advisers. I am delighted to see the increasing amount of choice for customers, which means the role of intermediaries is even more important in helping them find the finance they need. Smart Money is ideally placed to help advisers in these important sectors.”

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