A new ￡150 million credit line to support property investors

Despite the challenges posed by COVID-19, 2020 was a defining year for the specialist finance market.

In the midst of a health pandemic, agile and established lenders like Market Financial Solutions (MFS) ensured the appropriate processes were in place so that brokers and borrowers had access to bridging loans. Had this not been the case, there is a chance we could have seen property deals collapsing and less buyers taking advantage of the Stamp Duty Land Tax (SDLT) holiday.

Through the dedication and hard work of the MFS team, we finished the year in a position of strength. Over ￡65 million worth of loans were deployed in November and December 2020, supporting those seeking fast and tailored finance solutions. 

Hitting the ground running

Beginning 2021, our aim has been to keep up our momentum. Off the back of this, I am pleased to announce that MFS recently secured a new ￡150 million credit line.

This ￡150 million funding line comes at an opportune moment, both for MFS and the property market. Investors have been impressed by the strength of MFS’ funding lines, particularly when issuing loans and arranging exit strategies during the pandemic. As a result, our credit lines are consistently topped up and ready to be deployed. 

The onboarding of the additional credit line follows a significant increase in enquiries for bridging loans from property investors who are keen to take advantage of the SDLT holiday before it ends on 31 March 2021. Having this funding ensures we are expertly placed to arrange bridging loans within a matter of days, not weeks.

Trust and transparency

At the moment, it looks as though we could be witnessing the beginning of the end of the pandemic. However, at this point of time it is important not to be complacent. There are still challenges on the horizon and lenders must be prepared to address these. The specialist finance market must do all it can so that borrowers and brokers are able to access leading bridging loan products and services.

With our new credit line in place, the team at MFS is ready and waiting to receive enquiries. For more information, be sure to visit www.mfsuk.com