Page 57 - The Index
P. 57

MFS®
         Specialism/USP Fast, flexible, complex bridging, re-financing and complex finance circumstances
  Charges 1st, 2nd
  Funding In-house funds
  FCA Regulated No
  Interest Range Bridging from 0.59% pcm
  Base Rate N/A
  Security Types Residential investments, semi–commercial, commercial
  Treatment of Interest Rolled, retained, serviced, combined
  Treatment of Default Interest Automatic extension, interest serviced monthly, then higher rate as per contract.
  Max LTV 75%
  Max Loan to GDV N/A
  Max Loan to Cost N/A
  Min/Max Loan Term 3-18 months
  Min/Max Loan Size £100k-£10m
  Geographical Lending Area England, Wales, Singapore
  New Builds Yes
  Refurbishment Yes
  Conversions Yes
  Grade Listed Buildings Yes
  Mixed Schemes Yes
  Planning Permission Needed Yes
  Commission Rate Up to 2%
  Associations NACFB, ASTL, FIBA
  Upfront Fees No
  Early Redemption Charges No
  Investment Yes
  Owner-occupied Yes (semi-commercial and commercial)
  Interest-only Options Yes
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