Market Financial Solutions (MFS) has been added to In Partnership’s panel of lenders.
Founded in 2000, In Partnership is one of the UK’s leading financial advice networks, providing a whole-of-market service to its members that allow them to make the best product match for their clients’ needs. In Partnership’s mortgage advisers will now be able to access MFS’s wide range of bridging loans and buy-to-let (BTL) mortgages.
Founded in 2006, London-based lender MFS specialises in handling large and complex loans at pace, offering loans of up to £50 million with terms between three and 24 months.
MFS’s experience, coupled with the strength of its funding lines, ensures it can provide speed and certainty to brokers and borrowers.
Its products are also highly flexible. For instance, as well as reducing its bridging rates in June and again in September, MFS recently added a new ‘Bridge Fusion’ product to its offering, which is a hybrid of a bridging loan and a longer-term BTL mortgage. With pay rates starting from 3.09% +BBR, and an LTV of up to 75% and a maximum loan size of £20 million, In Partnership’s network of intermediaries can use this product on commercial, mixed use and residential properties.
To help maximise their leverage and loan size, MFS’s clients can also use methods such as deferred interest, rolled-up interest and top-slicing, which are options on its BTL mortgage range already.
Karen Rodrigues, Head of Sales at MFS, said: “We’re always looking for new lender panels to join, and we are really excited to working with In Partnership’s advisers to help them place even the most complex of cases.
“In the current economic climate, we know that brokers are in need of flexibility, which is why we are committed to providing tailored solutions that meet their clients’ evolving needs. Our new ‘Bridge Fusion’ product is a clear example of this, and I look forward to seeing it be used by a broader network of intermediaries in the months ahead. Alongside all our other bridging and BTL products, we’re on hand to provide the support and products that brokers and their clients will need to navigate the coming months with confidence.”
Tim Coghill, Head of Strategic Partnerships at In Partnership, added: “MFS are well-known for their market-leading range of bridging and BTL products, so I’m sure that our members will benefit greatly from this exciting new partnership. In the current transitional economic and political climate, MFS's dedication to offering both certainty and flexibility is precisely what our advisers are after. I look forward to seeing our network make use of their financial products to better serve the needs of their clients.”
