Page 59 - The Index
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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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