MFS HAS LAUNCHED FLIPFINANCE2017
MFS has launched FlipFinance2017 – an industry-first funding drive to support the aspirations of budding property investors and landlords in need of specialist financial solutions. Running until June 2018, the initiative is available to nationwide applicants in the form of bridging loans ranging from £200,000 to £1 million. Applications will be reviewed in line with MFS’ in-house credit analysis and due diligence.
After finding that 30% of UK investors are turning to property over the next 24 months, FlipFinance2017 will help form the foundation of tomorrow’s property portfolios. It has been launched at a time when the average asking price for a UK residential property has reached a record high of £317,281 and the average period to save for a deposit has reached a staggering two years.
Are you an aspiring property investor?
FlipFinance2017 stands to serve aspiring property investors across the length and breadth of the UK, supporting our nation’s next generation of fledgling landlords to capitalise on lucrative real estate investment opportunities that require efficient finance for completion. Contextualised by a staggering 1.4 million empty homes that currently lie dormant on the market, viable categories of property include those available at auction and probate, in need of refurbishment and/or restoration work, as well as vacant properties on the market.
Do you need access to funding?
Many would-be property investors and homeowners face difficulties in accessing finance from traditional lending structures and therefore are not able to fulfil their property investment strategy effectively. The latest Bank of England data has highlighted that a total of 66,837 mortgages were approved for house purchases in March 2017, down 1.6% on the previous month. The number of loans approved for those re-mortgaging also fell to 42,814 – meanwhile the UK’s bridging lending sector grew to £5 billion over the course of 2016. With many of the properties targeted through FlipFinance2017 requiring minor refurbishment to reach optimum market value, we are keen to support property investors across the nation in fulfilling the best real-estate opportunities the housing market has to offer. Get in contact with us today to understand how we may be able to help.
Contact an MFS adviser today to discuss how you can be involved in FlipFinance2017 funding.