"We know that challenges remain for intermediaries and their clients, so we are looking forward to providing finance for cases that other lenders may struggle to service with their tight criteria tick-boxes."
- Karen Rodrigues, head of sales at MFS
Market Financial Solutions (MFS) has joined the lender panel of Brilliant Solutions.
The partnership will provide Brilliant Solutions’ network of mortgage advisers with access to MFS’s range of bridging loan and residential buy-to-let mortgage products. This will be particularly beneficial for brokers looking to place and process complex cases that require bespoke, tailored solutions.
MFS specialises in handling large and complex loans at pace, offering loans of up to £50 million with terms between three and 24 months.
On top of reducing its bridging rates in June, MFS recently added a new ‘Bridge Fusion’ product to its offering, which is a hybrid of a bridging loan and a longer-term buy-to-let mortgage. With pay rates starting from 3.09% +BBR (with deferred interest), an LTV of up to 75% and a maximum loan size of £20m, Brilliant Solutions’ intermediaries can use this product on commercial, mixed use and residential properties.
To help maximise their leverage and loan size, MFS’s clients can also use methods such as deferred interest, rolled-up interest and top-slicing on its buy-to-let mortgage range.
Karen Rodrigues, head of sales at MFS, commented: “With the property market gaining momentum as we head into the final few months of the year, it’s the perfect time for us to start working with Brilliant Solutions. We know that challenges remain for intermediaries and their clients, so we are looking forward to providing finance for cases that other lenders may struggle to service with their tight criteria tick-boxes.
“Indeed, we’re maintaining our focus on offering a flexible and bespoke approach to lending, and we’re always aiming to make the process are as speedy and smooth as possible. We assess applications on a case-by-case basis, meaning we can offer financial products that match the unique needs of individual borrowers. I’m sure that Brilliant Solutions’ members will find immense value in our approach to lending, and I’m excited to see our partnership develop in the months and years ahead.”
Michael Craig, managing director at Brilliant Solutions, said: We are extremely happy to be launching with such a forward-thinking lender such as MFS. Their flexible approach to lending is a breath of fresh air. Their innovative product sets will help our broker partners to support more and more of their clients to achieve their dream goals. The approach that MFS has to lending is simply brilliant. We all here at Brilliant Solutions cannot wait to spread the word to our broker partners all about MFS and their manual approach to looking at cases, to get the best outcomes for the client. What a brilliant relationship this will be."
