Smart Money to launch bridging brand
By Bridging Loan Directory -
Smart Money Loans is poised to launch its new bridging brand Smart Money Bridging following increased demand for short term lending.
The secured loan packager already handles bridging applications however owing to increased demand from its introducers it has decided to launch a dedicated brand by January 2013.
Paul Crewe, managing director of Smart Money, said:
‘We already complete a number of bridging deals every month and from discussions with our Introducers we know that there is more demand out there so we have now decided to actively target this market to increase the amount of bridging we receive’.
Smart Money are also the only Secured Loan Packager which has an independent stand at the 2012 Mortgage Expo.
‘Now is a great time to be in the secured loan market with lenders like Shawbrook and Nemo showing great appetite for lending. The contraction of the interest only market means that customers who want to retain their existing deal but want to raise money are looking to second charges for extra funds’.