Market Financial Solutions joins The Money Group’s panel of lenders
Market Financial Solutions (MFS) has joined The Money Group’s (TMG) panel of lenders.
The partnership will mean TMG’s network of intermediaries gain access to MFS’s range of bridging and buy-to-let (BTL) mortgage products, opening up more specialist options in a fast-moving, ever-changing market.
Founded in 2021, TMG aims to strengthen the relationship between mortgage advisers and lenders by breaking down the barriers to integration and improving the overall customer journey.
It is one of the UK’s fastest growing financial services networks, with a unique proposition – it is a network for brokers built by brokers.
London-based specialist lender MFS specialises in handling large loans at pace, offering loans up to £50 million and terms between three and 24 months.
The company also work with applicants who are foreign nationals or have adverse credit, which TMG’s broker network will now be able to take advantage of.
MFS will ensure each broker experiences exemplary service and unparalleled communication though the use of its nationwide BDM network, which has grown significantly in the past 12 months to include 10 members of staff based across England and Wales.
MFS is currently sitting on more than £1 billion in funding and is on track to achieve its goal of growing its loan book to £1.5 billion in 2023.
Earlier this month, it launched a new range of variable rate bridging products to provide borrowers with greater optionality in the current economic climate.
Paresh Raja, CEO at MFS, said:
“Our processes, products and ethos are all geared towards making deals happen – we underwrite from day one, allowing us to identify any potential hurdles and find ways to overcome them.
The result is that we are able to say yes to cases that so many other lenders would turn their backs on, and brokers can be confident that when we say yes, we mean yes.
We’re excited to be working with TMG. Brokers and their clients need optionality in the current climate, and with fast, flexible loans – spanning bridging and BTL mortgages – MFS will deliver just that to the TMG network.”
“Adding MFS to our panel of lenders was really a ‘no brainer’,” added Scott Thorpe, TMG Network Director.
“When we met with their team and heard them talk about how they work and what MFS could bring to the table with so much passion, we said yes on the spot.
The partnership with MFS gives the TMG network access to new options, some of which we didn’t know were possible.
It is an ever-changing market and as a network we need to adapt with that. MFS give us direct access to the underwriting team, a great suite of products and regional BDM support.
We’re really excited about this addition and have already seen progress with cases we didn’t know where to place.”