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

Landlord refinancing returns to record levels as fixed-rate deals expire

Buy-to-let refinancing has returned to a record high as landlords respond to the expiry...

Colin Sanders and Sundeep Patel to develop bridging proposition for Paragon

Paragon Bank has appointed Colin Sanders and Sundeep Patel to develop a bridging finance...

Atom bank issues 36% of near-prime mortgage offers on same day

Atom bank delivered 36% of its near-prime mortgage offers on the day of application...

Cambridge BS backs regional drive to tackle housing inequality

Cambridge Building Society is supporting a programme intended to bring businesses, philanthropists and civic...

Gen H cuts high-LTV mortgage rates by up to 40 basis points

Gen H has reduced rates across its high loan-to-value and New Build Boost mortgage...

Latest publication

Other news

Landlord refinancing returns to record levels as fixed-rate deals expire

Buy-to-let refinancing has returned to a record high as landlords respond to the expiry...

Colin Sanders and Sundeep Patel to develop bridging proposition for Paragon

Paragon Bank has appointed Colin Sanders and Sundeep Patel to develop a bridging finance...

Atom bank issues 36% of near-prime mortgage offers on same day

Atom bank delivered 36% of its near-prime mortgage offers on the day of application...