MS Lending Group launch no valuations up to £500k on commercial property
MS Lending Group has listened to its customers and extended its no valuation up to £500,000 residential property product to commercial and semi-commercial.
The lender, which funded over £25m of business in its first year of trading in 2021, said it had responded to positive feedback from clients who ‘love’ the residential product which has been in place since launch. That, MS Lending added, is largely because valuations in the market are taking longer than they ever have before.
It hopes extending the product to commercial and semi-commercial properties will make the process easier for clients especially those “looking for quick completions or who are up against it in term of time frames on an auction purchase”.
The process, it added, would also allow MS Lending Group to be able to move even quicker in the market providing offers within hours of receiving an application.
Managing Director, Rob Goodall, pictured, added:
‘The appetite for the no valuation up to £500k on residential properties which we have had in place since launch has been so strong for the business.
We’re really pleased to be able to offer it across commercial and semi-commercial properties too.”
MS Lending said that the move also showed that it is constantly adapting, being agile to customers wants and needs and delivering real products to them.
“We understand their pains in the bridging market as a whole and if we can make this a better process for them then we will.
Our aim is always to look for ways to help the customer, especially those in time sensitive situations. We will always do all we can!” a spokesperson said.