Market Financial Solutions (MFS) has joined Brilliant Solutions’ panel of lenders.
The partnership is set to provide Brilliant Solutions’ network of mortgage advisers with access to MFS’s range of bridging loan and residential buy-to-let (BTL) mortgage products.
The firms said that the deal will be "particularly beneficial" for brokers who are looking to place and process complex cases that require tailored solutions.
Brilliant Solutions is a distributor of mortgages and bridging loans that sit between intermediaries and lenders, operating across all forms of mortgages and available distribution channels. It provides services to lenders and advisers alike and supports intermediaries from across the UK.
The firm said that MFS’ experience, coupled with the "strength of its funding lines, ensures it can provide certainty" to brokers and borrowers.
MFS offers flexible products, including a recently added bridge fusion product, which is a hybrid of a bridging loan and a longer term BTL mortgage. Its rates start from 3.09% plus the bank base rate and an LTV of up to 75% LTV on a maximum loan size of £20m.
As part of the partnership, Brilliant Solution intermediaries can use this product on commercial, mixed use and residential properties.
Head of sales at MFS, Karen Rodrigues, said: "We know that challenges remain for intermediaries and their clients, so we are looking forward to providing finance for cases that other lenders may struggle to service with their tight criteria tick-boxes.
"We’re maintaining our focus on offering a flexible and bespoke approach to lending, and we’re always aiming to make the process are as speedy and smooth as possible. We assess applications on a case-by-case basis, meaning we can offer financial products that match the unique needs of individual borrowers."
Managing director at Brilliant Solutions, Michael Craig, added: "We are extremely happy to be launching with such a forward-thinking lender such as MFS. Its flexible approach to lending is a breath of fresh air. Its innovative product sets will help our broker partners to support more and more of their clients to achieve their dream goals."
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