Exclusive: MFS slashes rates following £50m funding line

Exclusive: MFS slashes rates following £50m funding line




Market Financial Solutions has secured an additional £50m facility which has resulted in the lender reducing its rates further….

Market Financial Solutions has secured an additional £50m facility which has resulted in the lender reducing its rates further.

The bridging lender now offers interest rates starting from as low as 0.75% for first charge buy-to-let (BTL) and residential investment properties and 0.89% for first charge semi-commercial and commercial properties.

“MFS has successfully secured extra facility of £50m and therefore has reduced its rates to as low as 0.75% [as well as] giving a generous commission to all its intermediaries as [it is] very keen to lend,” commented Paresh Raja of Market Financial Solutions.

“We have an excellent client base already and want to add to this, but at the same time reward those that partner with MFS.

“We are in it for the long term,” Tiba concluded.

MFS offers a maximum LTV of 75% across all its products and a maximum term of 12 months.

Loans can be offered from £200,000 up to a maximum of £10m and there are no exit fees after a three-month term.

To view the lender’s product guide, click here.

In August, MFS announced a special offer for intermediaries, giving them the opportunity to earn 1.25% of commission if they provide it with £5m of bridging business. Further incentives have been offered if business is introduced or provided by December this year.

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