Introduction to MT Finance
Established in 2008, MT Finance is a specialist lender offering short-term finance solutions, including bridging loans and second charge loans. The London-based firm aims to provide quick and flexible funding solutions to individuals and businesses facing time-sensitive financial situations. This review aims to provide a comprehensive analysis of MT Finance, focusing on its services, customer service, and overall reputation in the industry.
Services Offered by MT Finance
Bridging Loans
One of the core services offered by MT Finance is bridging loans. These are short-term loans designed to bridge the gap between a debt coming due and the main line of credit becoming available. They can be used for a variety of purposes, including property investment, business cash flow, and property development.
Second Charge Loans
MT Finance also offers second charge loans. This type of loan is secured against the equity in your property and can be used for a variety of purposes, including debt consolidation, home improvements, and business investment.
Customer Service
Customer service is a crucial aspect of any financial institution, and MT Finance is no exception. The firm prides itself on its swift response times and personalized service. However, some customers have reported mixed experiences with the company’s customer service. While some praise the firm for its professionalism and efficiency, others have complained about a lack of communication and transparency.
Reputation in the Industry
MT Finance has generally maintained a positive reputation in the industry. The firm has won several awards for its services, including the “Best Service from a Bridging Finance Provider” at the Business Moneyfacts Awards 2019.
However, it’s worth noting that the company has faced some criticism. Some customers have reported issues with the firm’s interest rates and fees, claiming they are higher than other lenders in the market. Additionally, there have been complaints about the company’s rigid loan terms and conditions, with some customers feeling they are not flexible enough to accommodate individual circumstances.
Conclusion
In conclusion, MT Finance offers a range of short-term finance solutions that can be beneficial for individuals and businesses in need of quick funding. The firm’s customer service and industry reputation, however, have been a mixed bag, with some customers reporting positive experiences while others express dissatisfaction.
As with any financial institution, potential clients should thoroughly research and consider all aspects of MT Finance before engaging with their services. It’s important to understand the terms and conditions of their loans, as well as the potential costs involved, to ensure it’s the right fit for your financial needs.
My experience with MT Finance was extremely disappointing. The broker was unresponsive, unprofessional, and failed to deliver on their promises. I was constantly left in the dark and had to constantly follow up with them for updates. In the end, I felt like I wasted my time and energy working with them. I would not recommend MT Finance to anyone looking for a reliable and trustworthy broker.