Market financial solutions improve their bridge convergence scope and the highest loan scale for lower interest rates.
The lender has just been added to the Sesame panel as well.
The bridge fusion product launched last year is a hybrid between a bridge transaction and a long-term purchase loan.
Prior to this change, the maximum loan size was previously £20 million.
MFS’s commercial loan interest rate has been reduced by 20 to 30 basis points, so now it starts at 4.99%.
Its CEO Paresh Raja said: “We started speaking out since September.
“With the launch of a new core buy range, followed by a valuation refund for bridged loans, we have now revised our innovative bridge convergence range to enable us to cater to a growing and busy business sector.
“We are proud to review each application case by case, allowing us to find ways to say ‘yes’ to brokers and borrowers.
“Removing the maximum loan size and introducing the third floor into the scope of bridge convergence gives us a greater opportunity to accept cases while reducing early repayment fees and commercial loan rates will also make the product more attractive to customers.”
