The news comes after the bridging lender was recently named Fastest Growing Independent Lender at the Asian Voice Political & Public Life Awards.

The largest loan provided by MFS during March was a £3.15m loan for a client to acquire two adjacent cottages in St Albans, while the lender also provided a £2.08m loan for a client to redeem the existing lender on three semi-commercial properties in East London.

Other loans provided by MFS in March included a £1.45m loan to redeem existing charges on three residential properties, a £1.29m loan for a client to buy an investment property abroad, £1.83m worth of funding to redeem the existing first charge as well as second charge lender for a property in Horsham, West Sussex, and a £595,000 loan to re-bridge on a semi-commercial property in Catford, South-East London.

MFS also provided short-term funding to allow a client to acquire five properties in a new build block of apartments in South-East London, as well as providing another client with a £1.2m loan to buy a residential investment property in West Sussex.

Paresh Raja, CEO of MFS, said in-house funding allowed the lender to streamline the process and quicken turnaround times.

“Our objective has always been to deliver loans with finesse.

“Our funding line enables us to offer very competitive rates on Short Term Funding, from 0.75% on Residential, Semi-Commercial & Commercial properties with a high level of customer/intermediary service.

“This month has been our busiest yet.” 

In October last year MFS revealed it had secured an additional £50m funding line.