Smart Money Finance will be overseen by managing director Paul Crewe (pictured above) and commercial director Mike Scott.
The move will allow Smart Money to concentrate on all regulated business, while Smart Money Finance focuses on all unregulated activity to incorporate niche products within the buy-to-let, bridging and commercial finance sectors.
Smart Money Finance already has an exclusive distribution agreement in place with private lender PMJ Capital.
Smart Money explained that the aim of the restructure is to better differentiate between its unregulated and regulated business offerings.
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“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,” said Paul.
“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.”
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