Solent Mortgage Services is offering a bridging service for brokers whose clients need funds quickly while long-term funding is arranged.
Ian Balfour, chief executive officer at SMS, says: “In this market, lenders are understandably cautious and their speed of service has suffered.
“Bridging finance properly handled, can provide the means to a swift resolution while the long-term funding is put in place at its own pace.”
Guy Garrard, head of business development at Tiuta, one of SMS’ bridging partners, says: “Working closely with SMS allows us to assess enquiries that have already been vetted for viability and therefore we are able to see more business through to a speedy conclusion.
“This initiative is commendable and I’m sure brokers will find great value in this resource.”