Brokers using the sourcing system will now have access to MFS’ bridging suite, as well as its newly launched BTL proposition, which is suitable for clients in complex situations, as well as corporate or overseas structures, including offshore companies, trusts and foreign nationals.

By joining Criteria Brain, MFS aims to improve access to loans for complex clients, as a recent survey revealed that 55% of brokers regularly come across difficulties when trying to find a solution for first-time landlords, while 50% stated that adverse credit poses problems for BTL applicants.

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Mike Cook, chief mortgage officer at MFS (pictured above), said: “At MFS, we’re proud of the fact that we will take on cases that are too complicated for many other lenders. 

“Our experienced underwriters take an innovative approach to navigating the challenges each deal presents, always going the extra mile to ensure the best outcome for the borrower. 

“We are excited to be working with Criteria Brain to ensure greater access to our products. 

“It’s a great platform for brokers, and we’re confident that by adding our BTL mortgages to the available products, we will better serve those more complicated corners of the market that are too often neglected by other lenders.”

Neil Wyatt, sales and marketing director at Mortgage Brain, added: “Speed and flexibility are vital for brokers, and that’s why we’re always looking to expand our platform and provide a greater range of lenders that can deliver the right product for the borrower in a timely manner.

“It is great to have MFS join Criteria Brain — there is a real need for more specialist lenders able to handle complex cases at present, so this will be a positive development for the brokers we work with.”