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Date: 17 March 2023

Author: Rachel Bartlett

MSP Capital is in the running for a coveted national industry award.

We are on the shortlist for Financier of the Year – Residential at the prestigious RESI Awards, held to celebrate success across the UK’s residential property market.

Major household names including high street banks such as HSBC, Lloyds, NatWest and Barclays are also among the 15 finalists in the Financier category.

In a two-stage process, an independent judging panel of 43 leading property figures decided who should make the shortlist with MSP Capital praised for our ‘flexible and agile’ approach to lending solutions.

Martin Higgins, Managing Director, said: “We’re exceptionally proud to be among such high-calibre industry giants in the category, and representing the South coast’s specialist lending sector.

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“We are supporting worthy businesses and addressing the ongoing UK housing shortage by making more development projects a reality.”

Martin Higgins, Managing Director

Our nomination stated that: ‘MSP Capital has continued to thrive within a challenging climate, remaining flexible and agile for clients and engineering new strategies to ensure even the most complex development projects come to fruition. Its tailored, people-led approach has resulted in year-on-year loan-book growth, further internal recruitment, and a year-on-year increase in turnover.’

Landmark deals include delivering a £1.5 million bridging loan in the fastest lending turnaround in the firm’s history. The time involved from loan application to drawdown was less than 24 hours, enabling a developer client to respond to an advantageous, last-minute opportunity.

We also created an innovative, tailored funding solution to provide cost-effective terms for Isle of Wight-based developer Captiva Homes to complete 28 high-quality homes on the Island.

In his testimonial for the award entry, Captiva Director James Pink said: “From the moment we spoke to MSP Capital about the project, they were keen to help and came up with a bespoke solution for us in less than 48 hours. We have worked with MSP Capital before on a number of projects and always been happy with their service, but they excelled themselves on this one. Their speed and flexibility have been outstanding.”

David Chidwick, Managing Director at L&L Homes, also gave a testimonial complimenting us on our relationship-led lending.

He said: “I find working with MSP Capital career changing. The speed with which they can turn deals around and the support network you receive from the team throughout the whole process is a game changer and one that no other lender has been able to compete with. If you are looking for a lender, look no further than MSP Capital.”

Our focus on social responsibilities – our commitment to communities, clients and staff – also formed a key part of the nomination.

Examples included team wellbeing initiatives, the launch of our community committee that has raised more than £20,000 for charity and an an-house research project designed to support greater sustainability in property development.

Our continued sponsorship of AFC Bournemouth, including support for the Premier League club’s ‘Bring your Boots’ recycling scheme for redistributing donated football boots into the local community, was also highlighted.

And the nomination explained how we have bucked property sector gender-split trends by maintaining a strong female presence in our team. Around half of our 41 staff are women, including in senior positions such as Finance Director and Associate Director.

The shortlisting follows other recent industry recognition of our strengths in lending.

We were named Non-Bank Lender of the Year at the 2022 Solent Deals Awards, held to salute the region’s corporate finance market during the challenges of the pandemic. Judges praised the way we supported a range of development projects in the Solent area. We have recently been announced as the finalist for the same award in 2023.

Winners of the RESI Awards, which are organised by industry title Property Week, will be announced at an evening ceremony to be held at London’s Grosvenor House on 10 May 2023.

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