It targets £1 billion loan book by 2023
Market Financial Solutions (MFS) has announced over £300 million of new funding, which will be used to greatly accelerate the growth of its loan book across both existing bridging products and buy-to-let mortgages.
The funding comes from multiple global financial institutions following a period of due diligence, demonstrating the strength of MFS’s products, platform, team, and client base.
“We’re delighted to have secured this new funding from some very highly regarded global financial institutions,” said Paresh Raja, chief executive at MFS. “It will greatly accelerate growth across all our product lines. In particular, it means MFS can deliver BTL mortgages to more and more clients – the funding will also allow us to bolster our reputation for handling very large loans and taking on the quirkiest bridging and BTL cases that the market has to offer.”
Now with multiple dedicated funding lines, MFS will use the additional funding capacity to grow its loan book to £1 billion in the next 12 months.
“We have bold ambitions, wanting to increase our loan book to £1 billion by early 2023. We’re very confident that between our bridging, large loan and BTL products, and with such strong funding lines and great personnel in place, we have all the components in place to meet and then surpass our goals,” Raja said.
