Month: August 2021

MS Lending Group has completed their largest loan since the business began earlier this year with a new record breaking figure.

In only its 8 months of trading, the new bridging lender has worked stringently to complete a £1.15 million loan for a client in Surrey.

The £1,150,000 loan process took less than two weeks from application to funding. Speed was necessary as the development loan the client took when the properties were initially purchased was due to expire.

The client took a bridging loan in order to pay off the development loan which was taken out when the two properties were purchased. The two residential assets based in Sunbury on Thames are currently on the market with a combined value of £2m.

As both properties are currently on the market, the client was able to take advantage of MS Lending Group’s desktop valuation product. This enabled the lender to move quickly and complete in less than two weeks from when it was introduced.

The deal was brokered by Adam Klein of Atlas Property Finance

‘MS Lending Group Ltd delivered an extremely prompt development exit bridge loan on 2 recently completed properties for one of our clients.

We were most impressed by the constant communication throughout the process and the speed that this lender could make decisions.

This allowed our client to refinance the development lender and allowed further time to sell the property on the open market.

This was done within 2 weeks to ensure that the client was not penalised by any notice period fees with the current lender.

MS Lending Group Ltd were a pleasure to work with and we are delighted to get this deal over the line’

Managing Director, Michael Stratton, ‘This is our largest bridging deal to late. The deal was a first charge over two properties, at a LTV off 60%.’

“We have had a very successful year; we have surpassed our projections. Brokers are realising we are as agile and fast as we say we are, with no strict fixed criteria! We review every deal on a case-by-case basis and this means we can facilitate many more bridging loans our competitors cannot.”

Speaking of the future, Michael said, ‘As the business is growing it’s important our team reflects this. We have taken on a bigger office space from October and will be recruiting further talent both in the North and South.

August is already MS Lending’s biggest ever month with over £3million lent to borrowers. With more deals in the pipeline due to complete by the end of the month.

MS Lending Group’s ambitious growth targets since launching in January 2021 have been met and surpassed. It is continuously expanding its loan book to help experienced property investors take advantage of the buoyant market, with speed at the forefront of their service.

MS Lending Group has provided a £505,000 loan for the purchase of a £675,000 mixed-use commercial property in Ilford, Essex.

The property comprises ground floor retail units and first floor offices, situated within a detached building which has 13 upper floors.

The client required the funds to meet the auction deadline, which they were already in their notice period.

The facility was arranged at 75% LTV without a valuation, all within 36 hours.

Managing Director, Michael Stratton, “I am delighted that MS Lending Group is already being recognised for its speed in the market and is becoming the ‘go to lender’ when it comes to fast completions — particularly with auction purchases and deadlines,”

“Clients know when they contact us they can count on us; we will never promise something we can’t deliver on.”

We’re proud to provide a great service day in day out and we’re excited to grow even more with every milestone.

MS Lending Group has completed a £250,000 bridging loan in under 48 hours for a new borrower who required a large funding for the purchase of a £600,000 BTL property ahead of the stamp duty holiday deadline.

Within 30 minutes of receiving the call, the lender reviewed the application and sent terms to the client.

Once the terms were agreed, the report on title was received the following day and all checks were completed and funds transferred in less than two days.

The facility was agreed on a 12-month term in order to give the client time to re-mortgage with a lender onto a long-term BTL product.

Managing Director, said: “This is a great example of our no valuation necessary up to £500,000 loan product in practice.

“We are so pleased we were able to deliver a great service for our client.”

“We are extremely conscious of ensuring we have products which really help our customers, and makes their lives easier, while also offering them a great experience.”

Client quote: “I can’t thank MS Lending Group enough. I had a mortgage in place but the process was taking too long which was making me very nervous ahead of the stamp duty deadline. MS Lending Group stepped in and got a bridging loan completed within 48 hours to save the purchase and my deposit. I can’t thank the team enough and would recommend them to any other investors”

Broker quote: “My client’s offer had been sat with a lender or a few weeks and I was conscious the stamp duty holiday deadline was looming. I got in touch with the team at MS Lending Group who got the deal agreed and instructed to solicitors the same day. We them completed within 48 hours of application submission. Wow, what a service and experience.”

We’re immensely proud of our ever growing team, get in touch to find out how we can help you too.