Bridging lender Market Financial Solutions (MFS) and Ingard Financial, a whole of market brokerage, have announced a new partnership.
Ingard has added MFS to its intermediary distribution panel. The new deal means Ingard’s network of brokers and intermediaries will be able to take advantage of MFS’ full suite of bridging loan products via its specialist team.
MFS delivers bridging loans across multiple property types, including residential, commercial, semi-commercial and multi-unit blocks. With access to in-house credit lines, it also can readily deploy finance for HMO refurbishment projects, auction purchases and developer exit on both a first and second charge basis.
The partnership comes at an important time for the MFS. Over the course of 2019, the bridging lender has been catering to growing demand for its specialist finance products by increasing its regional presence, particularly in the Midlands and North of England.
The London-based lender has also doubled its team of business development managers and altered its minimum loan amount from £200,000 to £100,000.
Established in 1991, Ingard has more than 25 years’ experience working in the financial services sector. Boasting a national network of brokers and intermediaries, Ingard ensures they have access to whole of market solutions to assist their clients. Ingard’s decision to partner with MFS is part of its ongoing strategy to ensure its network is able access to the leading financial products currently on the market.
Ewan Duncan, Business Development Manager at MFS, said:
“We are delighted to be working more closely with Ingard, and it comes at a time when MFS is making positive strides in the UK bridging market. While other lenders are struggling amidst political and economic uncertainty, MFS continues to demonstrate it has the expertise and funding required to support brokers and borrowers, no matter how complicated their financial circumstances may be.
“On behalf of MFS, I’d like to thank Ingard for the opportunity to demonstrate our capability as a bespoke short-term lender. We look forward to helping their members with their bridging loan requirements.”
Nikki Haworth, Sales and Marketing Director at Ingard, added:
“It’s a pleasure to welcome MFS to our distribution panel. Thanks to our new partnership, our clients will now enjoy access to MFS’ excellent, varied bridging loan products.
“We’re particularly impressed with MFS’ flexible approach to underwriting loans and its commitment to seeing a deal through to completion. Ingard prides itself on delivering a range of best-in-class products and solutions to our members, and we’re confident that MFS is going to be another fantastic addition to our panel.”