MFS to offer bridging loans starting from £100,000
Bridging lender Market Financial Solutions (MFS) will be offering bridging loans starting from £100,000 to £10m.
The lender previously offered loans starting from £200,000. The announcement comes as MFS continues to expand its bridging loan services in property investment hotspots outside of London, actively looking to lending opportunities around the country, with an initial focus on the Midlands.
Paresh Raja, chief executive of MFS, said: “With access to in-house funds and an experienced team that has been built over the past decade, MFS is ideally positioned to serve the needs of brokers and borrowers.
“This decision to start offering loans from £100,000 is part of our ongoing commitment to ensure we are meeting the changing needs of the market.
“The UK property market remains competitive, and I’m proud to say that our new offering means that more borrowers and intermediaries will be able to benefit from our services.
“Importantly, this announcement is the first of many MFS will be making in 2019, and I look forward to providing further updates over the coming months.”
Highlights from MFS last year included the provision of £5.2m bridging loan and the opening of a subsidiary office in Singapore, the first UK lender to open a bridging office in Southeast Asia.