Paradigm adds MFS to lender panel

Paradigm has added Market Financial Solutions (MFS) to its lender panel.

As a result, Paradigm member firms will be able to access the specialist lender’s product range, covering buy-to-let (BTL) mortgages and bridging loans.

MFS entered the bridging market in 2006, going on to become active in the complex BTL space in 2021, covering a range of complicated borrower backgrounds, including overseas clients, large loans, specialist properties or poor credit histories.

The specialist lender also offers unregulated loans in England and Wales to first-time landlords, including HMO and MUFB, limited companies, foreign nationals and expats, and trusts, including offshore.

The product range is available for unlimited size HMOs, student lets, flats above commercial at 70% LTV, multi-unit blocks up to 30 units, and holiday lets.

BTL mortgages are available up to a maximum loan size of £3m, with a maximum £10m portfolio with the lender. It also considers large bridging loans up to £50m, bridge to let, plus quick action purchasers, light refurbishment via BTL and permitted development via a bridging loan.

Director for mortgages at Paradigm, Richard Howes, said: "Bespoke product options in a more complex lending and borrower landscape are increasingly in demand, and at Paradigm we want to ensure our member firms have access to lenders who specialise in these areas.

"This is why we have added MFS to our lender panel today who work within both the BTL and bridging spaces, and have carved out a strong reputation for working effectively with advisers and ensuring their clients have access to quality products."

Head of sales at MFS, Karen Rodrigues, added: "The whole team at MFS are absolutely delighted to be launching with Paradigm, given they offer a very different mortgage club to the market for their members. Having worked with the Paradigm team for some time we believe our proposition is one their members will benefit from and offers another avenue to diversifying their businesses."



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