MFS scores £200m of funding to grow buy-to-let market

Specialist lender Market Financial Solutions has secured £200m of additional institutional funding to expand its lending activities across both the bridging and buy-to-let markets. This is in addition to the numerous funding lines that the specialist lender has secured in 2022 that are currently being deployed. These add capacity and funding diversification to support MFS’s continued growth and meet its goal to grow its loan book to £1.1bn in 2023. The lender focuses on large bridging loans and BTL mortgages as two key product areas of growth, MFS also offers BTL loans for both simple and large, complex deals. Paresh Raja, chief executive of MFS, said: “No one needs to be told that the property market and lending sector are navigating some testing waters at present. For MFS, the strength and diversification of our funding is fundamental to the way we support brokers and borrowers – namely, it ensures we can offer assurances that we can handle large and complex cases, and, crucially, that we always commit to deals. When we say ‘yes’, we always mean ‘yes’, and that is so important in the current climate. “Support of existing and new investors underlines the quality and strength of MFS’s products and ways of working. Demand for specialist finance products is high right now as people seek the best option to combat the current macroeconomic trends – we are ideally placed to meet this demand and remain on track to achieve our target of growing our loan book to £1.1bn in 2023.” To send feedback, e-mail akanksha.soni@eg.co.uk or tweet @AkankshaEG or @EGPropertyNews Photo © Shutterstock