Andy Reid

Andy Reid joins MFS as head of sales for UK

Market Financial Solutions has welcomed Andy Reid (pictured above) as its new head of sales for the UK.

In his role, he will be responsible for leading MFS’ expanding team of sales executives and business development managers.

Andy brings a wealth of experience to the team, having worked in the specialist finance industry for 37 years.

He joins MFS from Oblix Capital, where he was director of sales, a position he held for over two years.

Before that, he worked as head of business development at Hampshire Trust Bank.

Andy will be making his first appearance for MFS at the NACFB Expo on Wednesday 28th October. 

Commenting on his appointment, Andy said: “Anyone involved in the specialist finance sector knows about Paresh [Raja, CEO at MFS] and his impressive achievement in establishing MFS as [a] leading bridging loan provider.

"I am extremely excited to be joining MFS and building upon what has already been an impressive year of growth for the bridging lender.”  

Paresh said he was pleased to welcome Andy to the team.

"He joins at an exciting time and his expertise will be vital for MFS as it seeks new opportunities in the specialist finance sector," he added. 

“At MFS, we are constantly on the lookout for creative thinkers who excel in their respective roles.

"Andy is backed by an impressive history of industry achievements, and I look forward supporting his future accomplishments here at MFS.”   

Andy’s appointment is part of MFS’ ambitious growth strategy for 2020, and its goal to meet the needs of its old and new clients during the Covid-19 pandemic.

The specialist lender noted a sharp increase in market demand for bridging loans, with brokers and borrowers voicing frustration with the time delays and stringent lending criteria being employed by high street lenders due to Covid-19. 

In response, the lender recently launched a £60m Covid-19 recovery fund for property investors to have immediate access to specialist finance loans.

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