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Short-term lending venture for SPF

SPF Private Clients has moved into bridging and launched SPF Short Term Finance.

It will broker bridging as well as development, heavy refurbishment and auction finance for complex deals for the wider intermediary market.

SPF Short Term Finance will use a preferred panel of providers to provide funding solutions for private individuals via its advisers.

Mark Harris, chief executive of SPF Private Clients, says: “Demand for short-term finance has soared in the past few years as traditional long-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.”

Intermediaries can choose whether they want SPF Short Term Finance to advise their client on a regulated or non-regulated basis, or use SPF along the lines of a traditional packager.

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