Smart Money Ltd has launched Smart Money Finance for all its unregulated business activity.
Smart Money will concentrate on all regulated business and Smart Money Finance focus on all unregulated activity to incorporate niche products within the buy-to-let, bridging and commercial sectors.
Smart Money Finance already has an exclusive distribution agreement in place with private lender PMJ Capital. It will be overseen by managing director Paul Crewe and commercial director Mike Scott.
Crewe said: “This is a move we’ve been considering for some time as it allows us, as an overall business, to have more control and clarity over our respective offerings to the intermediary community. As a forward-thinking intermediary-focused distributor, we recognise the need to evolve and the influence of regulatory directives across different areas of specialist lending.
“We have established many great relationships within the intermediary market over the years and this restructure will help ensure that intermediaries have even greater access to the most competitive and comprehensive range of regulated and unregulated loans. All backed by a team of experienced CeMAP qualified advisers.”