The company – which turns five this year – had previoulsy only lent on residential and commercial property situated in London and the South East. The geographic expansion is part of the company’s long term growth strategy.
Joshua Elash, MTF director, said: “The formal implementation of this policy follows a trial period in which we have successfully completed a number of transactions outside of our geographic lending zone. We see a stable, albeit less liquid, market outside our traditional South East corridor.
“In 2008 when we entered the market it made sense to focus on London and the surrounding areas. As we moved into 2013, in the face of lower levels of valuation volatility, we began to consider applications from across England via a group of our key introducers. We have since been involved on some exciting projects with a recent highlight being a £1m transaction completed in Devon on a new development.
“We feel that the timing is right to roll this out formally and are pleased that the move is in line with our original five year plan. We are looking forward to being able to offer the unique MTF service and product lines to a broader community.”
MTF is able to consider each case on its merits with LTV ratios and rates being directly correlated to the nature of the security, its location, and the rationale for the borrowing. MTF also takes a non-status approach, instead placing greater focus on the property itself and the underlying reasons for the loan.