SMS offers bridging advice to brokers

SMS offers bridging advice to brokers




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National lending products and financial services provider, Solent Mortgage Services (SMS), is offering a new service for intermediaries who want to consider whether they have clients who could make more use of bridging finance for their immediate financing needs. 

SMS are now able to offer intermediaries information and detail on the phone or through the website about where bridging finance can be of most value.

 

Along with various bridging partners, the firm will now offer unambiguous assistance for brokers, enabling them to make proper recommendations. This means that clients will benefit from having finance in place, ready to meet the timeframe of the property transaction.

 

Ian Balfour, chief executive of SMS, commented: “Many brokers have been put off arranging longer term finance for clients who need funds very quickly. In this market, lenders are understandably cautious and their speed of service has suffered. Bridging finance properly handled, can provide the means to a swift resolution while the long term funding is put in place at its own pace.”

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