Market Financial Solutions has revealed that its loan book has surpassed its £2 billion target, reaching £2.4 billion in total.

The specialist lender’s loan book hit the £1 billion mark in early 2023 and has more than doubled in size since then.

Market Financial Solutions is now aiming to grow its loan book to £3.5 billion by the end of this year.

In July 2024, the lender renewed and extended an institutional funding line worth over £1 billion to enhance its capacity to offer a wide range of financial products.

It added buy-to-let mortgages to its range of bridging loans in January 2022 and launched its new Bridge Fusion products in June 2024. The Fusion range is a hybrid of a bridging loan and a longer-term buy-to-let mortgage and has attracted significant demand within its first year, the lender claims.

Market Financial Solutions has also substantially increased its headcount in recent years and how now has over 150 employees.

Paresh Raja (pictured), CEO of Market Financial Solutions, said: “Despite a period of economic uncertainty and hesitancy in the market, where higher costs of living and borrowing have had a major influence on market activity, Market Financial Solutions has continued to forge ahead.

“That we have smashed past our £2 billion target is a testament to the expertise and ethos of our team, the strength of our funding lines, and the market demand for our innovative, flexible financial products.

“This milestone reflects not just the growth of our loan book but also the significant expansion of our team, which now exceeds 150 talented and hard-working individuals. However, there is no room for complacency. Our focus remains firmly on delivering exceptional products and ensuring an excellent level of service for brokers and borrowers alike.

“I’m excited to see what the next 12 months will hold as we work towards our next goal of a £3.5 billion loan book by year-end.”