Market Financial Solutions (MFS) has lent against more than £1.5bn worth of UK property assets, as its loan book nears the £1bn mark.
This places it on track to achieve its goal of growing its loan book to £1.5bn by the end of the year.
The lender increased its loan book target for 2023, thanks to a successful performance at the end of 2022, and to the over £1bn it currently has available for funding.
For BTL, MFS has a target to reach £500m of mortgages issued by the end of 2023.
The London-based firm also revealed it doubled its employee headcount since the start of 2022 — it now numbers more than 100 employees.
Paresh Raja, CEO at MFS (pictured above), said: “Milestones like these are not why we do what we do, but they are certainly important markers of progress.
“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 underline the success we have enjoyed in recent years, and 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.
“So, our focus remains on the delivery of market-leading products — ones that have speed and flexibility at their core — and an exceptional customer service.
“This year promises to be another important one for MFS, and I am excited to see how much more we can grow.”
