"MFS brings a wealth of experience in the specialist finance industry, and we are confident that its commitment to providing certainty and flexibility in the current economic climate will be hugely beneficial to our intermediaries."
- Daniel Hobbs, director at New Leaf Distribution
Market Financial Solutions (MFS) has been added to New Leaf Distribution’s lender panel.
The addition to the network provides New Leaf’s appointed representatives access to MFS’s entire product range.
Founded in 2006, London-based lender MFS offers both bridging loans and buy-to-let mortgages. It specialises in handling large and complex loans at pace, offering loans of up to £50 million with terms between three and 24 months.
As well as 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 3.55% +BBR (with deferred interest), an LTV of up to 75% and a maximum loan size of £20m, New Leaf’s 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 range.
Karen Rodrigues, head of sales at MFS, said: “We’re excited to start working with New Leaf Distribution’s intermediaries, and I know their members will find significant value in our wide range of flexible bridging and buy-to-let mortgage products.
“In the current economic climate, we know that brokers and their clients are looking for some much-needed certainty, which is why we use our experience, product range and robust funding lines to ensure that when we say ‘yes’ to a loan, we can deliver it. I’m looking forward to working with a broader network of intermediaries and I’m confident that our partnership with New Leaf will go from strength to strength in the years to come."
Daniel Hobbs, director at New Leaf Distribution, added: “We’re very pleased to be adding MFS to our panel of lenders. MFS brings a wealth of experience in the specialist finance industry, and we are confident that its commitment to providing certainty and flexibility in the current economic climate will be hugely beneficial to our intermediaries. I look forward to seeing our network make use of the extended range of financial options that our partnership with MFS will provide.”
