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Mayfair Bridging granted Ucis permission

Mayfair Bridging have been granted permission to become the authorised operator of a Ucis, with a formal launch scheduled for the new year.

The fund is suitable for sophisticated or professional lenders with an anticipated net return on average of 10.2 per cent per annum.

The bridging loans investors are exposed to will be ones they have invested in.

Mayfair director Shoaib Bux says: “Investors in other schemes usually have to put their money into a pot and then leave it for the asset manager/lender to lend those monies how they see fit. With our scheme we have put the power to the investor, it is up to them if they want to put money towards a certain deal.

“They do their own due diligence based on the information provided to them. We believe this will give us a lot of flexibility so that for a good deal with a low LTV where we are competing on the rate, we can speak to our investor pool and ultimately offer a more competitive rate to the borrower.’’

IFAs will receive a 1 per cent commission for referrals.


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