We will continue to support the broker community
An update from commercial director, Gareth Lewis, on how we will continue to support the broker community through this challenging time.
Gareth Lewis, Commercial Director at MT Finance, says:
MT Finance is dedicated to continuing to support the broker community through this challenging time. Our core principles that have made up the foundations of our business remain unchanged as we continue to provide flexible, transparent, and commercial lending solutions to meet our client’s needs.
We are lending at sensible loan to value levels, to enable each transaction to work where possible, whilst also safeguarding against further potential market changes. These are set at the following maximum levels;
• Up to 65% against residential, for both first and second charges
• Up to 65% against semi-commercial properties, for both first and second charges
• Up to 55% against commercial properties, first charge only
We will ensure that each loan has an appropriate term, which gives clients the best opportunity to complete the transaction and implement their exit strategy.
We are working with all our surveyors and solicitors to ensure that we can provide the best coverage and service possible. We are committed to finding solutions to the issues that social distancing can create. We currently have valuation coverage throughout the UK and Wales and a fully operational solicitors’ panel.
Where available and appropriate we can consider existing valuations from within the last three months alongside an audit from one of our panel valuers. We remain focussed on working creatively to find solutions to the challenges we all presently face in conducting business.
All of our team have now been working from home for the last 3 weeks, supporting our brokers and each other to get transactions done. We will remain on hand to do so for as long as it takes.
Please do not hesitate to contact us should you have any questions or concerns. Thank you for your continued partnership.