SPF Private Clients moves into bridging

SPF Private Clients has unveiled SPF Short Term Finance, a specialist division offering bridging, development, heavy refurbishment and auction finance to the wider intermediary market.

The new distributor is to utilise a preferred panel of providers to provide bespoke funding solutions for private individuals via their professional advisers.

Intermediaries can choose whether they want SPF Short Term Finance to advise their client – on a regulated or non-regulated basis – or opt to use SPF as a traditional packager.

Referral commission will be negotiated on a case-by-case basis, paid to intermediaries on the day of completion.

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.