Just under eight weeks since the official launch of FlipFinance2017, MFS is pleased to announce the doubling of the funding drive from £20 million to £40 million. Following a surge of interest from aspiring property investors, the scheme will now be expanded to offer further funding to encourage refurbishment and restoration projects nationwide.
MFS launched FlipFinance2017 to provide targeted support to the nation’s bustling community of property investors and landlords seeking to finance fledgling investment projects, thereby providing a boost to the nation’s housing supply. Our industry-first property investment drive specifically targets refurbishment and restoration projects, tapping into a staggering 1.4 million empty homes across the UK.
With the UK housing supply now under significant strain, the large quantity of properties that have fallen into vacancy and disrepair across the country now present a vast array of attractive investment opportunities. To back aspiring investors striving to bring these properties back onto the market, MFS will expand the FlipFinance2017 funding drive to support a more active and buoyant British property market.
To coincide with the expansion of FlipFinance2017, MFS will soon be releasing national research into UK public perceptions of traditional and new build real estate. The research will reveal the nation’s property profile at this critical juncture, considering public appetite for new build, refurbished and restored properties.