Smart Money has launched a Christmas incentive scheme for intermediaries to place business with them over the holiday period.
Paul Crewe, director at Smart Money, said: “Christmas is all about giving, and through our innovative Smart Rewards incentive scheme we are offering introducers the potential to add that little bit extra to their Christmas stocking.”
The lender will award ‘coins’ for each loan of £25,000 or more that completes by 5pm on Wednesday, 17 December. These can be redeemed against a range of gifts or shopping vouchers.
These include iPad Minis, iPad Airs, iPhone 6s, Macbooks and iMacs. Plus a range of gift vouchers for Tesco, M&S, Waitrose or John Lewis.
Mr Crewe said: “As we’re already the first port of call for much of the intermediary market when it comes to secured loans, it’s just our way of thanking our valued clients for all the support we have received over the course of the year.”
Anthony Badaloo, of Hertfordshire-based Church Hill Finance, said: “I don’t use Smart Money. We tend to use other sources, and there is a wide range of choice.
“We are always interested in incentive schemes, but obviously there is a fine line to tread between incentive and inducement.
“It must not detract from doing what’s best for the client.”