"We have continued to experience high demand from brokers and borrowers – particularly for large loans, buy-to-let mortgages and complex deals"
The increased funding comes from an investment bank and adds further capacity and funding diversification to support the growth of MFS’s specialist lending products.
MFS launched its buy-to-let mortgage range in January 2022 to complement its bridging offering and is now on track to grow its loan book to £1.1 billion in 2023
Paresh Raja, CEO of MFS, said: “We’re delighted to have secured this additional £125 million funding from leading financial institutions. This will support the growth across our bridging and buy-to-let product lines, and keep us on track to meet our goal of reaching a £1.1 billion loan book for 2023.
“Support of existing and new investors to increase their funding for MFS underlines the quality and strength of the platform. Throughout 2022, we have continued to experience high demand from brokers and borrowers – particularly for large loans, buy-to-let mortgages and complex deals – and we continue to service the demand with highly efficient processes. We lend quickly and maintain the highest quality of underwriting and loan management, delivering market leading standards.”
