The specialist lender has reported an increase in the number of individual borrowers, businesses and brokers enquiring about its bridging loans, which are tailored to specific individual needs.
The news comes as the Association of Short Term Lenders (ASTL) reported that 78% of its members expected their business turnover to grow in the next 12 months , with 63% expecting the same for the bridging sector as a whole.
- MFS helps client avoid potential default rate with £1.65m re-bridge
- MFS offers free valuations and expands into the Midlands
- MFS expands into Singapore
In early March, MFS also revealed it had expanded into south-east Asia after establishing a subsidiary office in Singapore.
“2018 has been an exciting year for the business,” said Paresh Raja, CEO at MFS (pictured above).
“As demand grows for alternative finance, bridging loans are becoming increasingly popular among a wide range of individuals and businesses – so we are delighted to announce the expansion of our lending team, which will ensure we can deal with all cases with the quality, speed and diligence that we have built our reputation on.”
Leave a comment