SPF Short Term Finance will use a preferred panel of providers to provide bespoke funding solutions for private individuals via their professional advisers. It will draw upon SPF’s well-established lending relationships, providing tailored solutions for larger finance requirements, no matter how complex.
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.
"With 15 years’ experience of servicing the higher end of the market, 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."
Intermediaries can choose whether they want SPF Short Term Finance to advise their client - on a regulated or non-regulated basis - or simply use SPF’s sourcing expertise and lender access, along the lines of a traditional packager.
Generous referral commission will be negotiated on a case-by-case basis, paid to intermediaries on the day of completion.
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."
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."
