Mortgage and Finance Solutions (MFS) recently announced that they have implemented a freeze on interest rates for their bridging loan products. This freeze is intended to provide customers with more certainty and stability when it comes to their finances.
A bridging loan is a type of short-term loan that is used to bridge the gap between two financial transactions. This type of loan is often used when a borrower needs to purchase a new property before they have sold their existing one. It can also be used to cover the gap between the purchase of a new property and the receipt of funds from a mortgage or other source.
MFS’s decision to freeze interest rates on bridging loans is a welcome move for customers. By freezing the interest rate, customers can be sure that their loan repayments will remain the same for the duration of the loan, providing them with more certainty and stability in their finances. This also means that customers can plan their finances more effectively, as they know exactly how much they will need to pay each month.
MFS’s freeze on bridging loan interest rates is part of their commitment to providing customers with the best possible financial solutions. By freezing interest rates, MFS is helping customers to manage their finances more effectively and providing them with greater peace of mind.
MFS’s decision to freeze interest rates on bridging loans is a positive move for customers. It provides customers with more certainty and stability in their finances, allowing them to plan their finances more effectively and giving them greater peace of mind. This move by MFS is a welcome one, and it is sure to be appreciated by their customers.