The Money Group adds MFS to lender panel

TMG’s network of brokers will be able to access MFS’ range of bridging and buy-to-let mortgage products and offers more specialist options.

MFS offers loans up to £50m with terms ranging from three to 24 months. It also worked with foreign nationals or with adverse credit.

The lender currently has over £1bn in funding and is on track to hit a loan book of £1.5bn in 2023.

It launched variable rate bridging rates earlier this month.

TMG was launched in 2021, with its headcount surpassing 125 last year.

Adapting to an ever-changing market

MFS CEO Paresh Raja (pictured) said: “Our processes, products and ethos are all geared towards making deals happen – we underwrite from day one, allowing us to identify any potential hurdles and find ways to overcome them. The result is that we are able to say yes to cases that so many other lenders would turn their backs on, and brokers can be confident that when we say yes, we mean yes.

“We’re excited to be working with TMG. Brokers and their clients need optionality in the current climate, and with fast, flexible loans – spanning bridging and BTL mortgages – MFS will deliver just that to the TMG network.”

Scott Thorpe, TMG’s network director, added: “Adding MFS to our panel of lenders was really a ‘no-brainer’. When we met with their team and heard them talk about how they work and what MFS could bring to the table with so much passion, we said yes on the spot.

“The partnership with MFS gives the TMG network access to new options, some of which we didn’t know were possible. It is an ever-changing market and as a network, we need to adapt to that.”

He added: “MFS give us direct access to the underwriting team, a great suite of products and regional BDM support. We’re really excited about this addition and have already seen progress with cases we didn’t know where to place.”