Market Financial Solutions (MFS) has confirmed that it has secured £200m of additional institutional funding.

The funds will increase a currently deployed funding line and will allow the firm to expand its lending activities across both the bridging and buy-to-let (BTL) markets.

This new institutional backing follows the numerous funding lines that MFS has secured in 2022, adding significant capacity and funding diversification to support the specialist lender’s growth.

With diversified, committed, and scalable funding lines, MFS is on track to grow its loan book to £1.1bn in 2023, with large bridging loans and BTL mortgages continuing to be two key product areas of growth for the lender.

“No one needs to be told that the property market and lending sector are navigating some testing waters at present,” said MFS CEO, Paresh Raja.

“For MFS, the strength and diversification of our funding is fundamental to the way we support brokers and borrowers – namely, we can offer assurances of our ability to handle large and complex cases, and, crucially, that we always commit to deals. When we say ‘yes’, we always mean ‘yes’, and that’s so important in the current climate.

“Support of existing and new investors underlines the quality and strength of MFS’s products and ways of working. Demand for specialist finance products is high right now as people seek the best option to combat the current macroeconomic trends – we are ideally placed to meet this demand and remain on track to achieve our target of growing our loan book to £1.1bn in 2023.”

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