Market Financial Solutions has renegotiated and extended an institutional funding line worth £1.5bn to fuel the growth of its loan book.

This means the firm can take on more clients as well as process loans more quickly for time-constrained borrowers.

The firm offers both bridging loans and buy-to-let (BTL) mortgages. Since its foundation in 2006, Market Financial Solutions has specialised in handling large and complex loans, which are available at up to £50m with terms between three and 24 months.

The new and increased funding spans the lender’s bridging and BTL mortgage ranges, as well as bridge fusion products, which were launched earlier this year, blending features of its bridging and BTL products into an attractive, longer-term bridge loan of up to £20m with competitive annual rates.

With additional funding secured, Market Financial Solutions said it is "committed to providing greater speed, flexibility and certainty" when working with a network of brokers and borrowers.

Chief executive officer at Market Financial Solutions, Paresh Raja, stated: "For all the political speculation and economic uncertainty, the UK property market has performed well throughout 2024, and with the Budget now delivered and the potential for another base rate cut expected before the end of the year, there’s a definite sense that we have turned a corner.

"We have experienced a very high demand for our specialist finance products over recent months and expect that to ramp up over the coming year, which makes this renewed funding line particularly timely."

---