Key Takeaways
- You must obtain Independent Legal Advice (ILA) before signing any Market Financial Solutions (MFS) bridging loan agreements to protect your interests and the lender’s requirements.
- MFS insists on a solicitor’s ILA certificate as proof that you understand all legal and financial risks associated with your bridging loan.
- Without ILA from an SRA-regulated solicitor, your MFS loan may be delayed, refused, or leave you fully liable for the debt.
- ILA for an MFS bridging loan is usually required shortly before completion, once loan documents are finalised but prior to fund release.
- During the ILA meeting, your Fast ILA solicitor will confirm your identity, explain the risks, and make sure you consent voluntarily to the MFS agreement.
- Fast ILA provides same-day, remote ILA appointments for MFS bridging loans, with fixed fees starting from £120 + VAT and lender-approved certificates.
- Our remote ILA service is fully accepted by MFS and other major UK lenders, so you do not need to visit a solicitor in person.
- Fast ILA is rated Excellent on Trustpilot with over 170 five-star client reviews.
- Contact Fast ILA as soon as your MFS lender asks for ILA to complete your transaction promptly and avoid extra cost or rejection.
For fast, lender-approved ILA, book your MFS bridging loan appointment with Fast ILA today.
Do I Need a Solicitor’s ILA Certificate for My MFS Bridging Loan?
Market Financial Solutions always requires an Independent Legal Advice certificate before completing your bridging loan. This certificate proves to MFS that you fully understand the terms, risks, and commitments—protecting both you and them if issues arise.
Failing to obtain an MFS bridging loan solicitor certificate in time can delay or even risk your funding. Arranging ILA promptly safeguards you from costly pitfalls, late rejections, or disputes about your free consent.
With Fast ILA, you get a clear, straightforward process: remote, fixed-fee appointments, document review, risk explanation, and immediate supply of your signed certificate—so your bridging loan can proceed swiftly and smoothly.
Book your MFS bridging loan ILA appointment quickly with our online system or by calling 0207 459 4037.
Why Does Market Financial Solutions Require Independent Legal Advice (ILA) for Bridging Loans?
MFS requires a dedicated Independent Legal Advice certificate for any bridging loan with personal guarantees, third-party security, or complex ownership. This protects:
- The lender, by showing you received independent advice
- You as borrower or guarantor, by confirming you understand your risks
Your loan will not be completed until a valid ILA certificate is supplied by an SRA-regulated, independent solicitor—not the conveyancer or anyone involved in the loan.
MFS bridging loans often involve:
- High-value funding and fast turnaround times
- Significant personal liability if you guarantee repayment or provide security
With ILA, you understand:
- Repayment obligations and the risk of losing secured property
- Liability under any personal guarantee
- Consequences of default, including being personally pursued for repayment
- Any limits on your right to withdraw
Arranging ILA early gives you confidence that your transaction will not be held up or rejected at a critical moment.
What Does an MFS Bridging Loan ILA Certificate Involve?
An MFS ILA certificate is a formal document, signed by your independent Fast ILA solicitor, which confirms:
- You attended a dedicated legal advice session (usually by secure video call)
- You had the opportunity to read and consider all documents
- Your solicitor carefully explained the loan terms, your obligations, risks, and possible consequences
- You confirmed your understanding and attended of your own free will
MFS supplies its own ILA template, and Fast ILA solicitors complete the exact version to satisfy the lender’s requirements.
Without this properly completed certificate, MFS will not release bridging funds and your deal cannot complete.
How the Online ILA Process for MFS Bridging Loans Works Step by Step
Fast ILA delivers a fast, remote process ideal for urgent or complex bridging loans with MFS. Here’s what to expect:
- Book Your Appointment: Use our online booking, live calendar or call for an urgent slot—same-day service available.
- Upload Loan Documents: Send your MFS signing pack, the lender’s ILA certificate template, and any supporting material.
- Complete ID Verification: Digital ID check via our secure portal.
- Video Call With Your Solicitor: Your Fast ILA solicitor reviews all terms, clarifies risks, and answers your questions face-to-face.
- Certificate Issued: Your signed MFS ILA certificate is emailed directly to you, your broker, and the lender—often within hours.
Fast ILA can often deliver your signed ILA certificate the same day, keeping your bridging transaction moving quickly.
If you’re ready to proceed, schedule your Market Financial Solutions ILA certificate online now.
What Questions Will the Solicitor Ask During the MFS Bridging Loan ILA Session?
During your MFS bridging loan ILA session, your Fast ILA solicitor will confirm you are making an informed, voluntary decision. Questions typically include:
- Can you summarise the key terms of your MFS bridging loan?
- Do you understand your personal liability, including for any guarantee?
- What could happen if repayments are missed or the property is repossessed?
- Are you signing under your own free will, without pressure?
- Are you aware this is a short-term, high-interest facility, not a standard mortgage?
Your solicitor will never proceed if you’re unsure, or if there are any signs of pressure or confusion. Their priority is your legal protection and the lender’s compliance.
What Documents Do I Need for My MFS ILA Appointment?
For your MFS bridging loan ILA appointment to run smoothly, please have:
- Your full MFS bridging loan agreement and security/charge documents
- The personal guarantee (if any)
- MFS’s ILA certificate template (usually provided by your lender or broker)
- Photo ID (passport or driving licence)
- Proof of address (utility bill or council tax)
Having all required documents ensures your Fast ILA solicitor can issue your signed certificate immediately after your appointment.
Common Mistakes and Pitfalls with MFS Bridging Loan ILA
Fast ILA often steps in to resolve last-minute issues caused by common bridging loan ILA mistakes:
- Leaving the ILA too late, risking funding delays or missing completion dates
- Assuming your conveyancer can provide ILA (MFS always demands a separate, independent solicitor)
- Using an outdated or incorrect MFS ILA certificate template
- Failing to provide full ID or essential documents
- Inability to answer basic questions during the ILA session (e.g., about the loan structure)
Planning ahead, choosing an experienced Fast ILA solicitor, and double-checking your templates will prevent costly errors and bottlenecks.
Why Is Independent Legal Advice Legally Critical for an MFS Bridging Loan?
Independent Legal Advice isn’t just a formality—without it, your bridging loan won’t complete and you risk personal exposure under English law. Key legal cases set the standard for why MFS and all responsible UK lenders require strict ILA.
| Case | Relevance to ILA |
|---|---|
| RBS v Etridge (No 2) [2001] | Defines the need for independent legal advice and informed, voluntary consent for third-party guarantees and high-risk loan obligations. |
This principle means your signature is only valid if an SRA-regulated, fully independent solicitor:
- Explains every risk and consequence
- Confirms your free consent—without pressure from family or business contacts
- Protects you from any possible undue influence
Fast ILA’s process is designed to fully meet all Etridge and lender requirements, ensuring your rights are protected and your MFS transaction isn’t delayed or challenged.
Getting ILA done right the first time prevents disputes, funding refusals, and personal financial risk.
The Fast ILA Advantage: Our Support with Your MFS Bridging Loan ILA
Fast ILA specialises in urgent, lender-approved ILA services for MFS and all major UK bridging loan providers. Our advantages include:
- 100% secure remote appointments—no travel, no delays
- Extended hours and rapid same-day slots
- Familiarity with MFS templates and bridging finance documentation
- Transparent, fixed-fee pricing from £120 + VAT
- Efficient, direct communication with you and your lender/broker
- SRA-regulated, specialist solicitors rated 5-stars by clients
To discuss your needs or book a rapid remote ILA for your MFS bridging loan, contact Fast ILA or visit our service page for full information.
Frequently Asked Questions About MFS Bridging Loan ILA
Will Market Financial Solutions accept an online ILA certificate?
Yes—MFS fully accepts ILA certificates provided by SRA-regulated solicitors using secure video calls, as long as the correct template is completed. Fast ILA’s remote ILA process is designed to satisfy all lender requirements.
How quickly can I get MFS ILA from Fast ILA?
With prompt provision of necessary documents and ID, most Fast ILA clients receive their signed ILA certificate the same day—perfect for urgent completions or time-critical property transactions.
Is remote video ILA really compliant for MFS?
Absolutely. MFS recognises digital ILA if identity is verified and a compliant certificate is provided by an independent, SRA-regulated solicitor. Fast ILA uses encrypted systems to ensure full compliance and security.
Can my own property solicitor give me the ILA for MFS?
No. MFS will reject ILA certificates from any solicitor linked to the conveyancing or acting for another party involved in the transaction.
What if MFS rejects my ILA certificate?
If your ILA certificate is rejected because it’s not independent or the wrong template was used, Fast ILA can arrange a compliant replacement—often within hours, as long as you supply the correct documents.
What are Fast ILA’s fees for bridging loan ILA?
Our fixed fees start from £120 + VAT, which covers the one-to-one video legal advice session, review of all documents, and direct supply of your signed certificate to you and your lender.
Can Fast ILA send documents directly to MFS or my broker?
Yes. Once your ILA is completed, Fast ILA can send the digital certificate to your lender, broker, and any other professional involved to avoid completion delays.
Still have questions? Call Fast ILA on 0207 459 4037 for immediate guidance or to book your ILA slot.
Book Your Market Financial Solutions Bridging Loan ILA with Fast ILA Today
With Fast ILA, you get remote, fixed-fee, SRA-regulated legal advice that satisfies all Market Financial Solutions requirements—without risk of delay or rejected certificates. Our experienced solicitors understand MFS’s unique process and work quickly to help you complete your bridging loan securely and on time.
