Here you’ll find news about mtf, as well as our thoughts on all things property related. As an award-winning provider of bridging loans, we always look forward to sharing interesting industry news with you.

Apply for a bridging loan today, or visit our testimonials page to find out what our clients have to say about us.

 

The Five Minute Interview with Tomer Aboody, Director, MT Finance

Tomer Aboody of MT Finance recently gave a 5mn interview to Tony Sanchez at the The Bridging Loan Directory.  The questions and answers are set out below:

What is the best thing about being in the bridging finance business?  

Having the opportunity to facilitate real estate business by providing a practical and fit for purpose solution to a borrower.  The credit crunch has had a massive impact on property investors, developers, and ordinary borrowers and has threatened to prevent the continuation of real estate investment in the U.K. At mtf we take pride in helping borrowers make or save money.

What keeps you focussed?

Always wanting to ensure that mtf consistently deliver results and a top class, fast service across the board. My ambition to try and be the best in everything I do.

What qualities do you look for in your employees or colleagues?

Honesty, hard work, commitment and a team player.

Are you an optimist or a pessimist?

Optimistic for sure. Pessimism breeds negativity. When you approach anything from a positive outlook it dramatically increases the chance of success.

What did you want to be as a child?

Obviously a professional footballer, like every other boy.

What will be the greatest challenge facing the bridging/development finance industry in the coming months?  

As the global financial markets continue to be volatile, with new uncertainty surrounding the Euro, and whilst liquidity remains constrained it will be necessary for bridging lenders to continue to work closely with borrowers, being sensible on the LTVs at which they lend, and to stick to the basic principles of sound underwriting.

Who or what makes you laugh?

Ricky Gervais

Do you dread Monday mornings?

Not really. Sadly I’m a workaholic. I work 7 days a week.

If you could change one thing about yourself, what would it be?

Being able to speak a few more languages.

With whom would you most like to have dinner? 

The British sports media and ask them why they believed Gareth Barry was going to be our saviour in the World Cup!

The Valuation Debate

MT Finance was recently asked by Bridging and Commercial Distributor to provide the company’s perspective on the ongoing debate as to whether responsibility for the payment of valuation fees (including when taking out a bridging loan or otherwise) should fall upon the shoulders of lenders.

We feel: “There is a danger that such a shift could lead to a significant increase in unrealistic, speculative applications on the part of borrowers with nothing to lose.  This would necessitate a re-allocation of resources by lenders; resources better employed in working on applications which are more realistic, improving customer service, and offering better rates to customers.”

At  MT Finance we work with borrowers to save time and money by assessing the respective merits of an application on receipt and before any valuation fees are incurred.  In this way we hope to ensure efficiency and to manage expectations.

Meet MT Finance Directors at NACFB Regional Workshop

MT Finance shall be giving a presentation at the forthcoming NACFB Regional Workshop to be held on 28 September 2011 at the HQS Wellington, Temple Stairs, London.

The day is designed to give NACFB members the opportunity to stay up to date with the latest range of financing options available to their clients throughout the industry and for lenders and brokers alike to share feedback, insight and ideas.

 

MT Finance Declare NACFB Expo Huge Success

MT Finance were one of the major exhibitors at the recent NACFB Commercial Finance Expo held in Birmingham. Show casing our latest range in bridging finance loans we used the day to listen to the feedback from brokers.

The day was a great success and offered the company the opportunity to meet brokers from across the U.K. as well as to present our recently acquired award for being voted the U.K.’s Best New Bridging Finance Company.

The annual event is designed to bring the top Lenders, Banks, and service providers in the commercial and bridging finance industry from across the U.K. together so as to provide the opportunity to meet with, and gather feedback from brokers.  The long list of exhibitors, in addition to MT Finance, included Barclays Bank,  Lloyds, and Legal and General.

MT Finance intends to continue to support the event in the years ahead and has already re-booked as an exhibitor for 2012.  For more information on the NACFB and its upcoming events visit: www.nacfb.org

MT Finance are Proud to Be Patron Lenders of The NACFB.

MT Finance’s Panel Valuer (MJ Consulting) Advises AXA R.E. On €55m Deal

Axa Real Estate Investment Managers has bought a sale and leaseback deal with one of the country’s largest supermarket operators. On behalf of its Alternative Property Income Venture (APIV), AXA has bought the portfolio of 28 stations, located across northern Spain, from Spanish retailer Eroski.

All the properties are subject to a 20-year lease and are located next to Eroski hypermarkets shopping centres or retail parks. The deal brings APIV’s investment to 80.3%, and its portfolio has a gross asset value of Financing for the deal came from a consortium of four Spanish banks, led by Caixa, and also including BBVA, Banesto and Banco Santander.

Daniel Bowden, AXA fund manager, said: ’investments across Europe, as we look to deploy the remainder of the venture’s equity, and arekeen to expand AXA Real Estate’s activities in the alternative real estate sector.”€55m portfolio of Spanish petrol stations in a€600m.’We have identified a strong pipeline of potential APIV was launched in September 2007 and is a Luxembourg pan-European closed-ended real estate investment fund for pan-European institutional investors.

AXA was advised by MJ Group International.

MT Finance Nominated As Best New Bridging Finance Company

MT Finance have been nominated as the Best New Bridging Finance Company for the Bridging & Commercial Awards.

Tomer Aboody, Head of Business Development for MT Finance explained ‘ Although we have now been operative for a number of years, it is true that in 2010 we really stepped up our operations, joining both the NACFB and the ASTL.  Our growth, and the quality of our product range and approach  has brought us to the industry’s attention.  We would be delighted to win the award and look forward to participating in the event.’

MT Finance Has Joined The ASTL

 

We are delighted to announce that we have joined the Association of Short Term Lenders.

Tomer Aboody head of business development stated; ‘We see the ASTL as having a significant role to play within the short term financing market in promoting greater transparency and client care.  These values run to the core of our business philosophy.  We are thus delighted to have joined the Association, and are looking forward to actively contributing’.

The role of the ASTL is to create a group of “appropriate” members, with common interests.

The Association collects and distributes industry statistics and data whilst enforcing and managing a code of conduct.  The Association also plays a role in handling external relations, and collaborating with the press and the regulators as a voice of the industry.  The Association is designed to give confidence to the public, businesses, the financial community and parties who transact with the members.

Read The First Edition Of ‘IM On the Money’

We recommend reading ‘IM On the Money’ produced by Irwin Mitchell Solicitors in association with Ascent.

To read the first edition of the publication click on the following link:

http://www.irwinmitchell.com/about-us/newsletters/im-on-the-money

Irwin Mitchell have been appointed to act for MT Finance on a range of matters.

Irwin Mitchell are a growing, and in our opinion, excellent full service law firm.  To find out more about them visit: http://www.irwinmitchell.com/

Seasons Greetings From MT Finance

Seasons Greetings From MT Finance

MERRY CHRISTMAS AND A HAPPY NEW YEAR 2011

As the Year draws to an end we wanted to thank you for your support in 2010.

As we continue to grow we look forward to developing our relationship with you further.

In any event, enough advertising bable for 2010.  It is time for the bubbly!

Seasons Greeting from all at MT Finance, may 2011 bring you great success!