New Mayfair office for bridging lender

Published on

Market Financial Solutions (MFS) has relocated to a new office in central London.

The bridging lender is still located in Mayfair, moving from Berkeley Square to Hertford Street, close to Green Park and Hyde Park Station.

The new office address is 46 Hertford Street, London W1J 7DP. It is Covid-secure and fully compliant with social distancing measures and prepared for all staff and visitors once the country returns to normal.

In 2020, MFS experienced a considerable rise in demand for its bridging loans from property investors and says this has continued in 2021.

MFS recently secured a £150 million funding line and last week announced another £200 million has been secured, as well as expanding its London-based workforce by 25% in 2020. The office move is part of its expansion strategy for 2021 and will accommodate MFS’ growing team of underwriters and business development managers.

Paresh Raja (pictured), CEO of MFS, said: “MFS has moved to a larger workspace a short distance from its previous location . It’s an exciting time for the company and reflects the overall rise in demand for our market-leading bridging products and services.

“Despite the challenges posed by Covid-19, MFS continues to ensure property buyers have access to specialist finance solutions. This has led to noticeable spike in enquiries from brokers and private clients alike – something I anticipate will only increase over the coming year as investors recognise the benefits of bridging loans.

“I see 2021 as year full of opportunities and growth for MFS. The new workspace is part of our expansion strategy and will ensure MFS can satisfy the needs of current and future clients. The team and I look forward to welcoming our clients in person at our new office when it’s safe to do so.”

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

The Coventry cuts selected intermediary residential fixed rates

Coventry for intermediaries has reduced a number of residential fixed-rate products for new and...

Mortgage Advice Bureau completes acquisition of Dashly

Mortgage Advice Bureau (MAB) has completed the acquisition of technology and data company Dashly,...

The Buckinghamshire lowers rates across key ranges

Buckinghamshire Building Society has cut rates across a wide spread of residential and buy-to-let...

FCA finds protection market delivering good outcomes, says TPFG

The Property Franchise Group PLC (TPFG) has responded to the publication of the Financial...

Conditional selling remains industry flashpoint as enforcement lags

Conditional selling remains one of the most persistent and contentious issues facing the UK...

Latest publication

Other news

The Coventry cuts selected intermediary residential fixed rates

Coventry for intermediaries has reduced a number of residential fixed-rate products for new and...

Mortgage Advice Bureau completes acquisition of Dashly

Mortgage Advice Bureau (MAB) has completed the acquisition of technology and data company Dashly,...

The Buckinghamshire lowers rates across key ranges

Buckinghamshire Building Society has cut rates across a wide spread of residential and buy-to-let...