Market Financial Solutions (MFS) has announced that it has now secured charges against more than £1.5bn worth of UK property assets, with a loan book nearing £1bn.
The specialist lender had previously set a goal of reaching a £1.1 billion loan book by early 2023.
However, with over £1bn currently available in funding, MFS has increased its targets and revealed it is now aiming to grow its loan book to £1.5bn by the end of this year.
The lender specialises in handling large and complex cases, offering loans of up to £50m, with terms between three and 24 months in as little as three days, and can lend to borrowers with complex backgrounds.
MFS launched its buy-to-let (BTL) mortgage range in January 2022 and the product has seen significant demand within the first year. The London-based lender also has a target to reach £500m of BTL mortgages issued before the end of 2023.
“Milestones like this are not why we do what we do, but they are certainly important markers of progress,” commented MFS CEO, Paresh Raja.
“Ultimately, the value of the property assets we have secured charges on, and the rapid growth of our loan book – not to mention our team – all underlines the success we have enjoyed in recent years. We’re all proud of what the business has achieved.
“There is no room for complacency though. The current economic climate is testing, and the property market will undoubtedly face challenges in 2023.”
Raja added: “This year promises to be another important one for MFS, and I am excited to see how much more we can grow.”
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