Smart Money has argued that Scotland represents untapped value for the specialist lending market, particularly in second charge and bridging lending.

Smart Money, which launched in 2010 with dual head offices in Scotland and England, has been trumpeting the business case for more lending in Scotland for over five years.

It also exhibited at the recent Expo in Glasgow.

Smart Money’s managing director, Paul Crewe, said: “Scotland has a lot to offer and its intermediaries and their clients are keen to see greater numbers of lenders come across the border. This year’s event was well attended by lenders and attracted more advisers as a result.

“Unlike some other shows, where there tend to be a proportion of timewasters and those who come to fill their goody bags, we were busy with a steady stream of advisers who were keen to discuss client cases and how second charge and bridging could help them reach more potential clients.

“Many contemporaries thought we were mad to invest in Scotland in 2010. Not only did we prove them wrong but along with the lending community, many more are recognising the potential business they are missing out on by ignoring Scottish business.”