MSP Capital, one of the largest specialist providers of property finance in Southern England, has joined the South Coast Property Awards, organised by The Business Magazine, as sponsors of the Fast Rising Property Business of the Year Award.
From small beginnings in 1981, MSP Capital combines entrepreneurial spirit and business expertise to help others successfully grow their businesses.
The firm will sponsor the Fast Rising Business of the Year Award. Nominations are now being accepted in all categories, for the event which will be held on September 29, at The Hilton at the Ageas Bowl, Southampton.
MSP Capital has grown from humble beginnings to become one of the leading specialist providers of property finance in Southern England. As a principal development and bridging lender, their in-house property and finance experts offer lending solutions for sums up to £20 million to make clients property visions become reality.
This is MSP Capital's second year sponsoring a category at the South Coast Property Awards.
Adam Tovey, Valuations Director at MSP Capital said: "The South Coast Property Awards are a great way to recognise the excellent variety of property companies on the South Coast. They also serve as a great way to bring people in the industry together for a night of celebrations.
"In sponsoring the Fast-Rising Property Business of the Year Award we are recognising those growing businesses within the property and construction sector, including developers, agents, consultants, surveyors, lettings specialists etc.
"It is important to recognise hard work in the industry, in whatever form it takes, especially considering the difficulty of the last two years.
"At MSP Capital we value those who rise to a challenge and show an unfailing commitment to move forward and do the right thing. These principles, as well as many others, are what we believe can help make a business successful.
"That is important to us as a business as 2021 marked a record year of growth for MSP Capital. Last year alone we launched two new products, moved to bigger offices, and grew our team by 50%. We are excited to hear from and meet similar businesses who have grown their business over the last two years.
Asked what kind of qualities would see a nomination successfully clinch the award, Adam Tovey replied: "It's clear that the last two years has been a time of uncertainty and fluctuation for all industries, including the property industry. However, there have been many businesses who have adapted and thrived in 2020 and 2021.
"We’re looking for professionals in the property sector that have shown resilience, entrepreneurship, and strength during this time. Entries should show a clear attitude to finding solutions and seeking opportunities, ensuring not only record growth for themselves but success for their clients and customers as well."
The 2022 awards will be the first hosted in person in two years, like many other businesses MSP Capital faced large challenges as a result of the pandemic.
Adam stated: "One of the biggest challenges for us was ensuring our clients were supported and adapted to a working-from-home environment. At the beginning of the pandemic the world grinded to a halt. We were very conscious that this uncertainty didn’t only impact us, but our clients too.
"In March, we contacted all our clients individually to assess their needs and ceased writing new business so that we could focus on supporting our current clients who may be struggling to make repayment due to loss of income.
"As well as being in a good position to support our current clients, we were able to begin writing new loans again just three months into the pandemic. We wanted to ensure new developers could get the funding they needed."
The property finance sector has undergone a number of post pandemic changes. Rachel said: "We strongly believe that development lending from mainstream lenders, like high-street banks, will continue to regress as appetite in the market changes.
"This gives plenty of niche opportunities for specialist lenders, like us, to step in and lend on larger deals and provide that hands-on, relationship-led lending that would be impossible for larger organisations.
"There is a growing chasm between rental supply and tenant demand. Build-to-Rent (BtR) is a subsector of the development market that is growing quickly and could help fill the supply and demand gap for tenants.
"The total pipeline for BtR, although still a small proportion of the renal market, has grown elevenfold in the past decade. As the Help-to-Buy scheme is phased out during 2022, BtR is an excellent opportunity for property developers.
"A greater focus on sustainability should not be ignored or left out from this list. The Government has been clear about their ambition to be net-zero by 2050 and buyers’ attitudes have changed to overtly favour more eco-friendly homes. But with the built environment contributing nearly 40% of the UK’s total carbon footprint, the whole of the property industry has their work cut out to do better in the coming years.
"We’re seeing more developers begin to seriously think about how their projects impact the environment and focus on the environmental credentials of their builds."
In conclusion Adam also pointed to the: "dwindling availability of development land.
"We’re seeing a lot of regeneration projects where developers are opting to transform neglected or vacant spaces into modern residential living spaces. This trend stretches UK wide, from dilapidated agricultural buildings to an unused gym in central London."