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.”
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