Since its founding in 2006, MFS has provided a range of fast and flexible bridging loans and more recently buy-to-let mortgages, to both private individuals and commercial borrowers in the UK market. The company is also a member of the National Association of Commercial Finance Brokers, the Association of Short-Term Lenders, and the Financial Intermediary and Broker Association.
The lender will be represented at IMLA meetings by Mike Cook, Chief Mortgage Officer at MFS. As a full member, MFS will join the ranks of lenders comprising over 90% of gross UK mortgage lending, with IMLA representing their voice to regulators, the Government, and beyond.
Kate Davies, Executive Director of IMLA, commented:
“It is a pleasure to welcome MFS as the latest full member of IMLA. MFS has established itself as a reputable and innovative lender that understands the importance of working closely with intermediaries to deliver the best outcomes for borrowers. We look forward to working with them as they join the discussion on key business issues facing intermediary-based mortgage lenders.”
Paresh Raja, CEO of Market Financial Solutions, added:
“We are excited to have joined the Intermediary Mortgage Lenders Association and to have the opportunity to collaborate with other industry professionals to shape the future of the intermediary lending market. As a lender that works regularly with intermediaries to distribute our products, we recognise the importance of engaging with organisations like IMLA to ensure we are delivering the best possible outcomes for our customers.”
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Notes to Editors
The Intermediary Mortgage Lenders Association (IMLA) is the trade association that represents mortgage lenders who lend to UK consumers and businesses via the broker channel. Its membership of 54 banks, building societies and specialist lenders include 18 of the 20 largest UK mortgage lenders (measured by gross lending) and account for about 90% of mortgage lending (91.6% of balances and 92.8% of gross lending).
Market Financial Solutions is one of the UK’s most prominent independent bridging finance providers, providing a range of fast and flexible bridge loans and buy-to-let mortgages to both private individuals and commercial borrowers. MFS was founded in 2006 and has the ability to lend all their specialist products to borrowers in a prompt and professional manner. They are also a member of the National Association of Commercial Finance Brokers, the Association of Short-Term Lenders and the Financial Intermediary and Broker Association.