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Do you expect to see less or more second charge mortgage lenders in 2018?

Smart Money adds West One to lending panel

Smart Money

West One Loans has joined the second charge lending panel of specialist finance broker Smart Money.

This latest addition means that Smart Money’s introducer partners can now access the lender’s range of second charge mortgage products.

West One piloted its range of second charge products earlier in the year and has recently expanded its sales team to support its core bridging and new business lines, including second charge lending.

Paul Crewe, managing director at Smart Money Ltd (pictured above), said: “West One has built a solid reputation within specialist lending circles and although it is still relatively new to the second charge marketplace, it has already made a big impact.

“This addition will allow our introducer partners to benefit from West One’s ability to cater for borrowers who require a bespoke approach to lending.

“The second charge marketplace is developing quickly, and a number of attractive options are emerging for intermediaries and their clients.

“I expect more new entrants within this space in 2018 and if they are as flexible, committed and service orientated as West One, then this can only be a positive thing for the sector as a whole.”

Marie Grundy, sales director at West One Loans, added: “Launching our second charge proposition was an important milestone in the development of our long-term lending, and it’s exciting to see this grow.

“The second charge market is continuing to demonstrate significant growth, and we’re delighted to partner with firms like Smart Money, who have in-depth knowledge about the sector.

“Our proposition is built upon West One’s solid reputation for taking time to understand individual borrowers’ needs, meaning we can cater for those who require a bespoke approach to lending.

“Every case is different, and we’re proud to be able to help borrowers of all shapes and sizes.”

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