Market Financial Solutions has renegotiated and extended an institutional funding line worth £1.5bn to boost the growth of its loan book.
With the new funds ready to deploy, Market Financial Solutions can take on more clients and process loans more quickly for time-constrained borrowers.
The London-based firm, founded in 2006, offers bridging loans and buy-to-let (BTL) mortgages, handling large and complex loans of up to £50m with terms between three and 24 months.
The increased funding covers the lender’s bridging and BTL mortgage products, as well as its newly launched Bridge Fusion products, which combine features of both products into longer-term bridge loans of up to £20m.
Paresh Raja, CEO of Market Financial Solutions, said: “For all the political speculation and economic uncertainty, the UK property market has performed well throughout 2024, and with the Budget now delivered and the potential for another base rate cut expected before the end of the year, there’s a definite sense that we have turned a corner.”
“At Market Financial Solutions, we have experienced a very high demand for our specialist finance products over recent months and expect that to ramp up over the coming year, which makes this renewed funding line particularly timely.
Raja added: “With capacity available to lend across our bridging, BTL mortgage and Fusion ranges, we are in a real position of strength to support brokers and their clients.
“Not only can we act quickly, but our funding lines mean we have an unwavering willingness to lend – when we say ‘yes’, we mean it, and we’re looking forward to a busy period ahead.”
