MFS in expansion drive after securing £300m funding line

Buy-to-let and bridging lender Market Financial Solutions (MFS) has unveiled over £300 million of new funding, which will be used to generate new business.

The lender will look to grow its loan book to £1 billion in the next 12 months by attracting investors to take out large bridging loans and buy-to-let mortgages.

Paresh Raja, chief executive of MFS, said: “We’re delighted to have secured this new funding from some very highly regarded global financial institution. 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. Following a successful 2021, in which our team grew rapidly, we will now look to hire the best talent across the bridging and BTL markets. In turn, we will reinforce the quality of the products and services that we deliver to brokers and private clients.

“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.”

Along with the new funding, in the coming weeks MFS will be adding new personnel to its team, which has doubled in size in the last year.

It will be recruiting across a range of bridging and BTL roles, including experienced underwriters, business development managers and marketers, to help accelerate the deployment of its specialist lending solutions.

Founded in 2006, London-based MFS is known as a bridging lender, though in January 2022 it launched into the buy-to-let sector.

MFS offers BTL loans for both vanilla and large, complex deals, as corporate or overseas structures, including offshore companies, trusts and foreign residents. MFS will also lend for a wide variety of strong yielding property types, such as large HMOs, multi-unit blocks and holiday lets.

MFS offers flexible interest cover ratio (ICR), rolled-up and deferred monthly payments as well as top slicing, giving the lender flexibility on LTV and loan sizes, even on low yielding prime London properties.

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