Property finance lender MSP Capital makes director appointment
Property finance specialist MSP Capital, based in Poole, has appointed industry expert Adam Tovey as commercial director, his second internal promotion in two years.
Tovey joined the fixed-rate lender in 2010, working his way up to valuation director and most recently, director of risk and underwriting.
In these board-level roles he has led both the valuation and underwriting teams with accountabilities for all valuations and credit risk.
Before joining MSP Capital, his background as an RICS Chartered Surveyor had already enabled him to apply insight in secured lending valuations for major UK banks.
This year he was a key influence on MSP Capital’s decision to reduce rates on its Development Exit Bridging Loan ahead of the base rate cuts from the Bank of England.
The firm’s move, in June 2024, enabled customers to access development exit bridging from just 0.8% per month, its lowest rate since 2022, under a ring-fenced £50 million funding allocation.
He said: “Over the years with MSP, I’ve had the opportunity to work closely with a talented team and contribute to our growth.
“This experience has deepened my understanding of the unique needs of our clients and the evolving landscape of property finance.
“I now have the opportunity to further leverage these insights as we continue to expand our offerings and deliver exceptional solutions to our clients across the UK.”
