Bridging lender Market Financial Solutions (MFS) has today announced it will be offering loans starting from £100,000, bolstering its position as one of the UK’s leading specialist finance lenders.
Over the past decade, London-based MFS has become renowned for its delivery of tailored bridging loans that address the needs of brokers managing high net worth and international clients. Highlights from last year included the provision of £5.2 million bridging loan and the opening of a subsidiary office in Singapore – the first UK lender to open a bridging office in Southeast Asia.
Now, in a bid to ensure that all borrowers are able to access its services, MFS will now be on hand to offer loans from £100,000 to £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 Southeast, 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, commented on the news:
“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.”