Market Financial Solutions has removed the maximum loan size on its Bridge Fusion products as part of a series of updates designed to broaden its appeal to brokers and landlords.
The London-based specialist lender, which focuses on large and complex property loans, launched the Bridge Fusion range last year to combine features of its bridging and buy-to-let (BTL) products.
From this week, all applications will be assessed on a case-by-case basis with no upper lending limit.
In addition, rates for commercial loans within the Bridge Fusion range have been reduced, early repayment charges cut across all products, and the structure expanded from two tiers to three to allow for more competitive pricing and flexibility.
The changes follow a busy period for the lender, which last week introduced a bridging valuation refund and unveiled its new Core BTL range aimed at improving speed, simplicity and accessibility.
Paresh Raja (pictured), chief executive of Market Financial Solutions, said: “We’ve started September with a bang. Having launched a new ‘Core BTL’ range and then a valuation refund for bridging loans, we’ve now revamped our innovative Bridge Fusion range to allow us to cater to an increasingly large and busy commercial sector.
“We pride ourselves on reviewing every application on a case-by-case basis, enabling us to find a way of saying ‘yes’ to brokers and borrowers.
“Removing the maximum loan size and introducing a third tier to the Bridge Fusion range give us a greater chance of being able to take on a case, while reducing ERCs and commercial loan rates will also make the products that much more attractive to clients.”
