News
SPF Private Clients launches short-term finance arm
Mortgage advice firm SPF Private Clients has launched SPF Short Term Finance, a specialist division offering bridging, development, heavy refurbishment and auction finance to the wider intermediary market.
SPF Short Term Finance will use a panel of providers to provide bespoke funding solutions for private individuals via their professional advisers.
Mark Harris, chief executive of SPF Private Clients, said: “Demand for short-term finance has soared in the past few years as traditional longer-term finance has been harder to come by. This is particularly true of the trickier niche funding areas that SPF Short Term Finance specialises in.
“SPF Private Clients is able to secure market-leading terms and flexibility, quickly and efficiently. This new division will further develop that skill and expertise, providing swift solutions to intermediaries, while at the same time respecting the relationship they have with their clients.”
Advisers can choose to hand off the borrower on a regulated or non-regulated basis or use the advice firm as a packager to source for and advise on the deal.
Daniel Hertz, director of Commercial Acceptances, said: “We have dealt with SPF Private Clients for many years and have been impressed at the quality and diversity of the development deals they have placed with us.”
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Alan Cleary, managing director of Precise Mortgages, added: “We have always found SPF Private Clients to demonstrate real expertise and understanding in these niche markets. The expansion of their offering will be invaluable to many intermediaries who don’t have that level of expertise in-house.”
For more, click HERE for Mark Harris’ blog out this week