Market Financial Solutions (MFS) has announced that it has secured £300m of new funding.
The funding comes from multiple global financial institutions and will be used to accelerate the growth of the lender’s loan book across its bridging products and buy-to-let (BTL) mortgages.
Now with multiple dedicated funding lines, MFS said it plans to use the additional capacity to grow its loan book to £1bn over the next 12 months.
Alongside the new funds, MFS also revealed that it will be adding new personnel to its team – which has doubled in size in the last year – and will be recruiting across a range of bridging and BTL roles.
“We’re delighted to have secured this new funding from some very highly regarded global financial institutions,” said MFS CEO, Paresh Raja. “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.
“It’s a hugely exciting development for MFS, putting us in a position of real strength.”
Latest News
-
Bank of England holds interest rates at 4.75%
-
IHT receipts increase by 11% year-on-year
-
Lendco renews £400m BTL warehouse line
-
Housing market beats expectations in 2024, Halifax finds
-
Homeowners ‘pessimistic’ over economy’s future, study finds
-
Annual price growth jumps to 3.4%, Land Registry data shows
The UK housing market in 2024
The performance of the UK housing market in 2024 has largely exceeded many people's expectations, although challenges remain for first-time buyers due to house prices increasing and a testing rental market for many. Regional disparities, such as the North-South divide, also continue to influence housing accessibility and affordability for many buyers in pockets of the country.
Intergenerational lending
MoneyAge News Editor, Michael Griffiths, hosts Family Building Society BDMs, Amar Mashru and Arif Kara, to discuss intergenerational lending and explore ways that buyers can use family income to help increase their borrowing capacity when applying for a mortgage
Helping landlords make their cash work harder
MoneyAge Editor, Adam Cadle, talks to Family Building Society BDMs, Arif Kara and Nathan Waller, about the resilient BTL market, the wide variety of landlords that Family Building Society caters for, and how niche products like an Offset mortgage can help improve cashflow.
© 2019 Perspective Publishing Privacy & Cookies
Recent Stories