In Partnership’s mortgage advisers will now be able to access the specialist finance lender’s bridging and BTL products.
The news follows the launch of the finance provider’s ‘bridge fusion’ proposition in June, which offers a hybrid of a bridging loan and a longer-term BTL mortgage.
MFS — which dropped its rates earlier this month to 3.09% plus BBR (bridge fusion) and 0.39% plus BBR (bridging) — can also use deferred interest, rolled-up interest, and top-slicing to help maximise clients’ leverage and loan size.
In Partnership is the latest in a string of lender panels MFS has joined over the past few months, having been added to New Leaf Distribution’s in August and Paradigm’s in April.
“We’re always looking for new lender panels to join, and we are really excited to working with In Partnership’s advisers to help them place even the most complex of cases,” said Karen Rodrigues, head of sales at MFS.
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“In the current economic climate, we know that brokers are in need of flexibility, which is why we are committed to providing tailored solutions that meet their clients’ evolving needs.
“Our new ‘bridge fusion’ product is a clear example of this, and I look forward to seeing it be used by a broader network of intermediaries in the months ahead.”
Tim Coghill, head of strategic partnerships at In Partnership, added: “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.
“In the current transitional economic and political climate, MFS's dedication to offering both certainty and flexibility is precisely what our advisers are after.”
MFS can provide loans of up to £50m with terms between three and 24 months.
In July, the lender renewed and upsized multiple institutional funding lines of over £1bn.
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