MFS aims for £1bn loan book with new funding

MFS has secured £250m of new funding from one of its existing global institutional investors.

The lender will use the additional funding capacity to grow its loan book to £1bn by 2023, with a particular focus on large bridging loans and BTL mortgages.

With 70 employees spread across two offices, MFS has further expansion plans for both its bridging and BTL products — for which it is seeing significant demand — as it gears up to deliver bespoke lending products on a large scale.

Paresh Raja, CEO at MFS (pictured above), said: “We’re delighted to have secured this additional £250m funding from one of our well-respected global investors. 

“That we have existing investors keen to increase their funding into MFS underlines the strength of the business. 

“Not only are we experiencing high demand from brokers and borrowers — particularly for large loans, BTL mortgages and complex deals — but we also have highly efficient operations. 

“We can lend quickly and with the lowest default rate on track, exemplifying the quality of the loans and management of them.”

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