Bridging lender Market Financial Solutions (MFS) has been added to Ingard Financial’s intermediary distribution panel.
It means Ingard’s network of brokers and intermediaries will be able to take use MFS’ range of bridging loan products via its specialist team.
MFS delivers bridging loans across multiple property types, including residential, commercial, semi-commercial and multi-unit blocks.
With access to in-house credit lines, it also can readily deploy finance for HMO refurbishment projects, auction purchases and developer exit on both a first and second charge basis.
Over the course of 2019, MFS has been increasing its regional presence, particularly in the Midlands and North of England.
The London-based lender has also doubled its team of business development managers and altered its minimum loan amount from £200,000 to £100,000.
Ewan Duncan, business development manager at MFS, said: “We are delighted to be working more closely with Ingard, and it comes at a time when MFS is making positive strides in the UK bridging market. While other lenders are struggling amidst political and economic uncertainty, MFS continues to demonstrate it has the expertise and funding required to support brokers and borrowers, no matter how complicated their financial circumstances may be.
“On behalf of MFS, I’d like to thank Ingard for the opportunity to demonstrate our capability as a bespoke short-term lender. We look forward to helping their members with their bridging loan requirements.”
Nikki Haworth, sales and marketing director at Ingard, added: “It’s a pleasure to welcome MFS to our distribution panel. Thanks to our new partnership, our clients will now enjoy access to MFS’ excellent, varied bridging loan products.
“We’re particularly impressed with MFS’ flexible approach to underwriting loans and its commitment to seeing a deal through to completion. Ingard prides itself on delivering a range of best-in-class products and solutions to our members, and we’re confident that MFS is going to be another fantastic addition to our panel.”