Smart Money has completed a second charge case in eight days with Optimum Credit.

The specialist master broker said it demonstrated how working with introducers who want to retain their ‘independent’ status and advise on second charges should work.

Hannah Joyce at Smart Money received the enquiry from one of her key introducers who wanted to source a second charge for his client who was self-employed, with a clean profile and with Virgin Money as his mortgage lender.

Speed of service and rate were key needs for this client and Optimum Credit confirmed it didn’t require any valuation or mortgage reference, meaning Joyce could revert to the introducer inclusive of the evidence of research within an hour of receipt.

The pack was returned and submitted to the lender who immediately supplied the binding offer resulting in the application completing within eight days.

Steve Pollard, head of sales at Smart Money, said: “This was a fantastic effort by all concerned and clearly demonstrates how mortgage brokers who want to retain independence status can utilise our packaging proposition to best effect for their clients.”

Tom Whitney, business development manager at Optimum Credit, added: “The key to speed is as much down to the master broker’s ability to not only source the right deal for the customer, but also to package the deal efficiently.

“As a master broker, Smart Money epitomise exactly what is needed in order to fulfil your enquiry through to completion in a professional manner.”