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.
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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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