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MFS goes live on Criteria Brain

  • 10/03/2022
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MFS goes live on Criteria Brain
Market Financial Solutions (MFS) has gone live on Criteria Brain, formerly Criteria Hub.

Criteria Brain is used by advisers and brokers to help source lenders for more complex borrower’s particular needs and circumstances.

MFS, which specialises in bridging loans and buy-to-let (BTL) mortgages, said there were increasing reports of brokers struggling to place complicated cases.

In a survey of 100 UK-based brokers carried out by Mercantile Trust, 55 per cent said they regularly came across difficulties when trying to find a solution for first-time landlords, while 50 per cent stated that adverse credit had posed a problem for BTL applicants.

In January 2022, MFS added BTL mortgages to its bridging loan products. The mortgages are suitable for clients in complex situations, as well as corporate or overseas structures, including offshore companies, trusts and foreign nationals.

Mike Cook, chief mortgage officer at MFS, said: “At MFS, we’re proud of the fact that we will take on cases that are too complicated for many other lenders. Our experienced underwriters take an innovative approach to navigating the challenges each deal presents, always going the extra mile to ensure the best outcome for the borrower.

“We are excited to be working with Criteria Brain to ensure greater access to our products. It’s a great platform for brokers, and we’re confident that by adding our BTL mortgages to the available products we will better serve those more complicated corners of the market that are too often neglected by other lenders.”

Neil Wyatt (pictured), sales and marketing director at Mortgage Brain, added: “Speed and flexibility are vital for brokers. That’s why we’re always looking to expand our platform and provide a greater range of lenders that can deliver the right product for the borrower in a timely manner

“It is great to have MFS join Criteria Brain. There is a real need for more specialist lenders able to handle complex cases at present, so this will be a positive development for the brokers we work with.”

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