MFS halves its minimum bridging loan amount

Published on

Market Financial Solutions (MFS) is now offering loans starting from £100,000.

Its maximum loan amount it £10 million.

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. Having already established itself in London and the South East, the bridging lender is now actively looking to lending opportunities around the country, with an initial focus on the Midlands.

Paresh Raja (pictured), CEO 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.”

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Aldermore unveils new limited edition five-year BTL products

Aldermore has launched a pair of limited edition five-year buy-to-let mortgages for landlords, with...

AMI calls on advisers to take part in protection survey

The Association of Mortgage Intermediaries (AMI) has launched its annual survey of mortgage and...

Broker confidence holds steady as mortgage market cools

Confidence among mortgage brokers held firm in the second quarter of the year despite...

The Suffolk cuts expat mortgage rates amid rising demand

Suffolk Building Society has cut rates across its expat mortgage range, with reductions of...

ModaMortgages unveils eight new limited edition deals

ModaMortgages has expanded its buy-to-let range by launching eight limited edition products at 80%...

Latest publication

Latest opinions

Bridging the Pond: How large is the US bridging finance market, and compared to the UK?

When we first got started with LendInvest in the UK, post the financial crisis,...

Tuning into later life lending conversations

There are certain conversations in our profession that can genuinely change the course of...

Right of Light risks: a looming shadow over construction projects

Gone are the days when a Right of Light infringement could be swiftly dealt...

Could a move to ‘enhanced advice’ also mean mandatory protection conversations?

The FCA’s recent Mortgage Market Discussion Paper (DP25/2) has got the industry talking about...

Other news

Aldermore unveils new limited edition five-year BTL products

Aldermore has launched a pair of limited edition five-year buy-to-let mortgages for landlords, with...

AMI calls on advisers to take part in protection survey

The Association of Mortgage Intermediaries (AMI) has launched its annual survey of mortgage and...

Broker confidence holds steady as mortgage market cools

Confidence among mortgage brokers held firm in the second quarter of the year despite...