The network's intermediaries gain access to the lender’s bridging and BTL mortgage products
Market Financial Solutions (MFS) has joined The Money Group’s (TMG) panel of lenders, providing more brokers access to its range of bridging and buy-to-let mortgage products.
The 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 works with applicants who are foreign nationals or have adverse credit, which TMG’s broker network will now be able to take advantage of.
“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,” Paresh Raja (pictured), chief executive at Market Financial Solutions, said. “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.”
MFS, which received The Blacks Solicitors Award for Bridging Lender of the Year at the Mortgage Introducer Awards 2022, 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.
“Adding MFS to our panel of lenders was really a no brainer,” Scott Thorpe, TMG network director, said. “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.”
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