MFS secures extended funding lines

Published on

Market Financial Solutions (MFS) has renewed and increased the size of a series of institutional funding lines of over £1 billion.

The funding will be used to grow the lender’s loan book in response to rising demand for specialist finance.

The additional capital from multiple institutional investors enhances MFS’s capacity to offer a wide range of financial products including bridging, buy-to-let, its new Bridge Fusion range, and commercial real estate (CRE) loans.

Paresh Raja (pictured), CEO of MFS, said: “Although there has been an improvement in the economic climate with inflation falling, the property market continues to face significant challenges, with higher rates causing potential buyers to withdraw or delay their purchasing plans until the Bank of England reduces the base rate.

“However, challenges bring opportunities, and many investors are turning to specialist finance to expedite their plans and to benefit from the certainty that a bespoke approach to lending can provide.

“The renewed funding line will help MFS support those investors and brokers, and the continued backing and confidence that we receive from these investors demonstrates the quality of MFS’s products and operations.

“It’s been a busy six months, and I look forward to seeing MFS go from strength to strength in the second half of the year.”

Latest POLL

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Square 1 Media announces May Mortgage Market Debate

Square 1 Media is to hold its next Mortgage Market Debate on Wednesday, 21 May,...

Coventry BS maintains status as one of the best workplaces

Coventry Building Society has been named one of Great Place to Work's UK’s Best...

Atom bank breaks Near Prime record

Atom bank has reported another record-breaking month for Near Prime activity. Over the course of...

Berkeley Alexander appoints new BDM

General insurance provider Berkeley Alexander has announced the appointment of Grant Robinson as a...

Other news

Lenders must step up on high LTV products

Things are on the up for borrowers with a smaller deposit. The financial information...

Square 1 Media announces May Mortgage Market Debate

Square 1 Media is to hold its next Mortgage Market Debate on Wednesday, 21 May,...

Coventry BS maintains status as one of the best workplaces

Coventry Building Society has been named one of Great Place to Work's UK’s Best...