L3 seem to have not publicised much about their new partner Optimum Credit yet apart from a very basic explanation on a website link, somewhat strange but I guess maybe the ink is still drying.
Offering depending on property up to £250,000 (and potentially easier to obtain), but no payment holiday mentioned, and higher interest rate.
Something to weigh up for MPL but a very precarious position to be in to be if route 3 and below, especially considering those that have been demoted to whitetail and are now facing a big hold pool as the jobs become more scarce after the demise of Air Berlin and Monarch.
You'd be one of the first to go through the new process if you choose and I'm sure many here would be very interested to hear how it goes. Maybe call their "Careers advice line" and dig into this financing a bit deeper.
Best of luck