Following a strong performance in 2020, including its best November on record, MFS said it was approached by multiple investors for new funding opportunities.

The credit line will be used to finance bridging deals and increase its focus on vanilla loans.

Funding is available immediately for clients who meet the minimum requirements, such as property investors and businesses seeking to complete on residential and commercial property transactions.

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The specialist lender has seen a significant increase in enquiries for bridging loans from property investors who are keen to take advantage of the stamp duty holiday before it ends on 31st March 2021. 

Paresh Raja, CEO at MFS (pictured above), said: “Brokers and borrowers are crying out for certainty, with many having been let down by other lenders when trying to complete on a deal.

“What’s more, the end of the stamp duty holiday is fast approaching, and buyers want to take advantage of this tax break — they can only do this by having access to loans that can be deployed in days, not months. 
 
“That’s why investors are turning to experienced lenders like MFS, with a proven track record. 
 
“This £150m funding line comes at an opportune moment, both for MFS and the property market. 

“Investors have been impressed by the strength of MFS’ funding lines, particularly when issuing loans and arranging exit strategies during the pandemic — as a result, our credit lines are consistently topped up and ready to be deployed.”