Business mortgage

MFS joins The Business Mortgage Company panel of lenders

Market Financial Solutions (MFS) has joined The Business Mortgage Company (TBMC) panel of lenders.

Targeting a £1bn loan portfolio by 2023, MFS has joined TMBC’s lender panel to reach more brokers.

TBMC aims to help brokers find buy-to-let (BTL) mortgages as well as short-term commercial loans and sub-loans.

MFS, which was founded in 2006, offers both bridging loans and BTL mortgages.

Launched in January this year, MFS’ BTL mortgages are suitable for a variety of clients, including those in complex situations, as well as corporate or foreign structures, offshore companies, trusts and foreign nationals.

The specialist lender secured more than £300m in new funding in March, which it is expected to use to accelerate the rollout of its products, focusing on large loans and BTL mortgages.

After seeing strong demand for its BTL mortgages and receiving new funding, MFS regional sales manager Imogen Williams says the business is “growing at the pace”.

“We are very pleased to work with TBMC to ensure that even more brokers can access our specialist financing products, helping them find solutions for even the most complicated clients,” comments Williams.

TBMC Managing Director Jane Simpson added, “It’s great that MFS products are now included in our product offering. We serve intermediaries working on everything from classic transactions to very complex unique cases – the addition of MFS’s products will certainly help brokers find the right solutions for their clients.