Fluent Money Group has added specialist first charge and equity release services to its menu for adviser partners.
According to its head of intermediaries, Jeff Davidson (pictured), the move to provide the new services has been planned for some time.
He said: “We have already been very successful in bringing second charge lending to a new generation of advisers as well as our existing partners.
“Expansion has been very much on our agenda and when we purchased leading specialist lending distributor, Brytannic Extra Finance, last year, which was renamed Fluent Mortgages, it gave Fluent the expertise and knowledge to provide the kind of proposition advisers were asking for.
“Now with the launch of Fluent Lifetime, our equity release and later life lending arm, we can confidently offer the widest range of services for homeowner customers of our introducer partners.”
Clever Lending is now offering in-house advice to brokers on regulated bridging, following increased demand.
A new expert team has also been appointed to give direct regulated bridging advice to brokers.
Regulated bridging can be used by a wide range of customers to purchase a property they intend to live in, whether that’s to downsize, build their own house or are buying at a property auction.
Sam Kirtikar, managing director at Clever Lending, said that during the first half of 2018 Clever Lending increased funding on regulated bridging by 295% compared to the same period in 2017.
He added: “As awareness of the advantages provided by bridging finance has grown so much in recent years, it’s a natural progression that house buyers are seeing the upside of using this form of short term funding too.
“We’ve offered regulated bridging advice for a while now, but previously all leads were passed to a separate mortgage team. However, with new staff and a new team in place, we can now offer our brokers a much more efficient service in-house as they can discuss their case straightaway with qualified specialists at hand.
“With our lender partners having numerous products available and bridging rates remaining low in the market, there are plenty of opportunities for brokers to offer a regulated bridging option to their clients to quickly fund an initial property purchase.”