Advice network's members can source more bridging and BTL products
Specialist lender Market Financial Solutions (MFS) has been added to In Partnership’s panel of lenders, providing the financial advice network’s members with access to a wider range of bridging loans and buy-to-let mortgages.
In Partnership, founded in 2000 and one of the UK’s leading financial advice networks, offers whole-of-market services. With MFS now on its panel, In Partnership’s mortgage advisers will be able to place more complex cases using MFS’s lending products.
London-based MFS, established in 2006, specialises in large, complex loans, offering financing up to £50 million with terms ranging from three to 24 months.
MFS recently introduced the ‘Bridge Fusion’ product, a hybrid between a bridging loan and a long-term BTL mortgage. This product, with pay rates starting from 3.09% plus Bank of England base rate (BBR), offers up to 75% loan-to-value (LTV) and a maximum loan size of £20 million. It is available for commercial, mixed-use, and residential properties.
The lender’s buy-to-let mortgage range also allows borrowers to use options such as deferred interest, rolled-up interest, and top-slicing to maximise their loan size and leverage.
“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,” said Tim Coghill (pictured left), head of strategic partnerships at In 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.”
Karen Rodrigues (pictured right), head of sales at Market Financial Solutions, said that they were always looking for new lender panels to join.
“We are really excited to be working with In Partnership’s advisers to help them place even the most complex of cases,” she added. “In the current economic climate, we know that brokers need flexibility, which is why we are committed to providing tailored solutions that meet their clients’ evolving needs.”
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