Smart Money increases focus in bridging market

Cheshire-based specialist master broker Smart Money has broadened its bridging proposition and has relaunched its BTL service.

The new BTL offering has been added following a testing period towards the end of 2020, and aims to be of value to advisers with landlord customers wishing to refinance, expand or change to limited company status.

The key features for its new bridging offering are:

  • up to 75% LTV for unregulated loans and up to 70% LTV for regulated facilities
  • rates from 0.48% per month
  • loan terms of up to 12 months
  • residential and semi-commercial properties considered (LTV up to 60% for semi-commercial)
  • fees priced on a case-by-case basis
  • £50,000 minimum property value for some products.

The company will also continue to offer second-charge knowledge and assistance for adviser firms in this sector.

Paul Crewe, managing director at Smart Money (pictured above), said: "Smart Money can now provide a broader service to brokers, who want assistance in these key areas.

“We have the expertise and the lender contacts but, most importantly, we have the expertise in-house to assist when explanation and more detailed information is required.

“Smart Money is looking forward to helping advisers across new channels of business.”

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